Business Interruption Insurance: Lessons Learned from the Pandemic

Broadcast Date: Thursday, September 03, 2020 from 12:00 pm to 1:30 pm (ET)

Insurance (CLE), Specialized Knowledge (CPE), Tax, Accounting and Finance (CPE), Recording

Overview:

The COVID-19 pandemic is drastically affecting today’s global economy. Because of temporary closures and disrupted supply chains and sales, businesses today are confronted with profound income losses. This fallout has prompted an upsurge in business interruption insurance claims. Whether standard commercial policies provide coverage for virus-related income loss is hotly contested, however. Likelihood of recovery on such claims will depend on the terms and conditions of individual policies, as well as ongoing developments in litigation and legislation.

In a LIVE Webcast, a panel of key thought leaders and professionals assembled by The Knowledge Group will provide an in-depth discussion of business interruption insurance developments in the COVID-19 context. Speakers will also offer practical strategies and best practices for both insurers and policyholders.

Key issues include:

Critical Coverages and Exclusions
Litigation Developments
Insurance Legislation: Trends and Updates
Calculating the Business Income Loss
Best Practices Amid Covid-19 Crisis
What Lies Ahead

Agenda:

Kymberly Kochis, Partner
Eversheds Sutherland (US) LLP

AND

Benjamin Milam, Attorney
Bradley Arant Boult Cummings LLP

AND

Karl Schwabauer, CPA, CFF, CVA, Managing Director, Forensic and Litigation Services
Weaver

Critical Coverages and Exclusions
Litigation Developments
Insurance Legislation: Trends and Updates
Calculating the Business Income Loss
Best Practices Amid Covid-19 Crisis
What Lies Ahead

Who Should Attend:

Insurance Lawyers
In-House and Outside Counsel
Claims Executives and Managers
Corporate Risk Managers
Agents/Brokers
Insurance Companies
Policyholders

Kymberly Kochis Partner Eversheds Sutherland (US) LLP

Kym Kochis is co-head of Eversheds’ insurance litigation and class action defense groups. Kym counsels insurers on a wide range …

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Benjamin Milam Attorney Bradley Arant Boult Cummings LLP

Ben Milam is an associate attorney on Bradley’s Policyholder Insurance Coverage Team. Ben’s practice includes assisting clients with insurance needs, …

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Karl Schwabauer, CPA, CFF, CVA Managing Director, Forensic and Litigation Services Weaver

Karl Schwabauer has extensive experience providing forensic accounting, economic damage assessment and valuation services. He has testified dozens of times …

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Course Level:
Intermediate

Advance Preparation:
Print and review course materials

Method of Presentation:
On-demand Webcast; Group-Internet Based

Prerequisite:
General knowledge of insurance coverage law

Course Code:
149139

NY Category of CLE Credit:
Areas of Professional Practice

NASBA Field of Study:
Specialized Knowledge - Technical

Total Credits:
1.5 CLE
1.5 CPE

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About Eversheds Sutherland (US) LLP

As a global top 10 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 75 of the Fortune 100, 68 of the FTSE 100 and 113 of the Fortune 200. With more than 3,000 lawyers, Eversheds Sutherland operates in 69 offices in 34 jurisdictions across Africa, Asia, Europe, the Middle East and the United States.

Eversheds Sutherland is a global legal practice and comprises two separate legal entities: Eversheds Sutherland (International) LLP (headquartered in the UK) and Eversheds Sutherland (US) LLP (headquartered in the US), and their respective controlled, managed, affiliated and member firms. For more information, visit eversheds-sutherland.com.

Website: https://us.eversheds-sutherland.com/

About Bradley Arant Boult Cummings LLP

Bradley is a national law firm with a reputation for skilled legal work, exceptional client service, and impeccable integrity. The firm provides business clients around the world with a full suite of legal services in dozens of industries and practice areas. Their nine offices are located in Alabama, Florida, Mississippi, North Carolina, Tennessee, Texas, and the District of Columbia, giving us an extensive geographic base to represent clients on a regional, national, and international basis. We frequently serve as national coordinating counsel, regional counsel, and statewide counsel for clients in various industries.

Although Bradley is a large law firm with over 500 lawyers, their clients still enjoy the personal attention, responsiveness, and deep relationships they would expect from a boutique firm. The fimr’s attorneys and staff combine legal experience and knowledge with sophisticated understanding of industries to work side by side with clients and come up with practical, strategic solutions specifically tailored to their businesses and operations. Bradley lawyers use their talents, judgment, work ethic, and experience to go above and beyond expectations to help our clients meet their goals.

Website: https://www.bradley.com/

About Weaver

Weaver, the largest independent CPA firm based in the Southwest, is a Texas-based, national accounting firm with comprehensive capabilities. Weaver does the things you’d expect: traditional assurance and tax services. However, Weaver also provides a wide array of advisory services including risk advisory, transaction advisory, IT advisory, energy compliance services, forensics and litigation, financial institutions consulting and public company services.

Website: https://weaver.com/