HomeWebcastRecovering Your Loss: What You Need to Know About Business Interruption Insurance
Online CLE Business Interruption CLE

Recovering Your Loss: What You Need to Know About Business Interruption Insurance

Live Webcast Date: Tuesday, July 24, 2018 from 3:00 pm to 4:30 pm (ET)

Online CLE Business Interruption

Join us for this Knowledge Group Online CLE Business Interruption Webinar. Hurricanes Harvey and Irma left not only massive physical damage, but also tremendous and long-lasting economic problems in their wake. Following such catastrophic circumstances, the performance of a business can be severely affected, which may result to temporary halt in operation and loss of profit. In times like this, Business Interruption (BI) insurance can offer essential protection to businesses of any size, structure or industry specialization. As the name suggests, BI insurance covers the loss of income caused by the interruption of business operation from an insured event, including natural disasters and other variety of causes stated in the policy.

This type of insurance is complex and diverse in its nature to accommodate the needs of different businesses. There are also many considerations that a business must evaluate before purchasing coverage. Because of this, it is important that businesses understand BI insurance to identify the most suitable coverage for the organization.

Listen as a panel of distinguished professionals and thought leaders organized by The Knowledge Group provide the audience with an in-depth discussion of Business Interruption insurance. Speakers, among other things, will also offer helpful insights on choosing the most appropriate coverage for various businesses.

Some of the major topics that will be covered in this Webcast are:

  • Business Interruption and Contingent Business Interruption Defined
  • Policy and Insurance Coverage
  • Indemnity Period
  • Additional Coverage and Extensions of Coverage
  • BI Policy Complexities and Confusions
  • Coverage Issues in an Event of Loss
  • Computing BI and CBI Losses
  • Best Practices in Choosing Coverage

Who Should Attend

  • Insurance Companies
  • Insurance Lawyers
  • Insurance Brokers
  • Insurers’ Counsel
  • Policyholders’ Counsel
  • In-House Counsel for Insurers
  • Corporate Risk Managers
  • Insurance Claims Professionals
  • Risk Managers


Online CLE Business Interruption
Katherine J. Henry
Bradley Arant Boult Cummings LLP
Online CLE Business Interruption
James L. McGovern
Founding Partner
McGovern & Greene LLP

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Online CLE Business Interruption

Katherine J. Henry, Partner
Bradley Arant Boult Cummings LLP
  1. Understand the coverage that you are purchasing:  BI/CBI insures loss of income and extra expense from physical damage to your property (BI) and other organizations’ property (CBI) resulting from a covered cause of loss.
  2. Understand the law and policy language on concurrent causation, which can dramatically limit the scope of coverage.
  3. Select limits based on a comprehensive assessment of a business interruption’s impact on your organization. 
  4. Consider optional coverages such as extra expense and utility interruption.
  5. Understand period of indemnity and consider purchasing extended period to accommodate needed ramp-up time.

James L. McGovern, Founding Partner
McGovern & Greene LLP
  1. Claimants need to carefully review the policy coverage and present their claim in accordance with the policy requirements;
  2. Historical results, recent trends, and forecasts should all be considered when estimating losses;
  3. Lost Revenue does NOT equal Lost Profit. Claimants need to account for expenses avoided in order to properly identify “incremental profits” lost due to the interruption;
  4. Claimant’s should be prepared to show efforts to mitigate losses;
  5. Well documented claims are appreciated by adjusters and auditors and are more likely to be processed quickly.

Online CLE Business Interruption

Online CLE Business Interruption

Katherine J. HenryPartnerBradley Arant Boult Cummings LLP

Katherine Henry is the Chair of the Policyholder Insurance Coverage team. Katherine’s practice focuses on meeting clients’ business objectives in matters involving insurance. She regularly advises Fortune 10 and other companies on complex insurance programs involving manuscript and specialty policies, including programs with multi-national coverage towers of $500 million to $1 billion, and programs incorporating various risk transfer and financing mechanisms, such as fronting programs, paid deductible programs, and collateral agreements. Her practice spans all aspects of policyholder insurance coverage, from initial policy placement and renewals to claims management and litigation, both in the United States and abroad.

Online CLE Business Interruption

James L. McGovernFounding PartnerMcGovern & Greene LLP

James McGovern is a founding partner of McGovern & Greene LLP (www.mcgoverngreene.com) a forensic accounting and litigation services consulting firm. He is a CPA, Certified in Financial Forensics and a Certified Valuation Analyst. He works as a consultant and expert witness on matters involving complex financial and economic damage issues, including those stemming from contract disputes, intellectual property infringement, construction claims, business interruption or devastation, shareholder/partnership disputes, and lost personal earnings. James is a member of the Intellectual Property Owners Association Damages and Injunctions Committee, a Past President of the National Contract Management Association, and an arbitrator for the AAA in cases involving complex financial issues. .

James’ expert witness experience includes testifying at deposition and/or trial in more than 70 cases. He has testified before federal and state courts, arbitration panels, and boards of contract appeals throughout the country. 

Online CLE Business Interruption

Course Level:

Advance Preparation:
   Print and review course materials

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

   Basic knowledge of Business Interruption insurance

Course Code:

NY Category of CLE Credit:
   Areas of Professional Practice

NASBA Field of Study:
   Accounting - Technical

Total Credits:
    1.5 NASBA-CPE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

Bradley is a national law firm with a reputation for skilled legal work, exceptional client service, and impeccable integrity. We provide business clients around the world with a full suite of legal services in dozens of industries and practice areas.

Our 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.

Diversity and equality in the workforce are core values at Bradley, allowing us to leverage a wide range of perspectives to help us achieve the results that we expect and our clients demand. We are also committed to giving back to our communities with meaningful pro bono legal services and charitable contributions through the Bradley Arant Boult Cummings Charitable Foundation.

Although we are a large law firm with more than 500 lawyers, our clients still enjoy the personal attention, responsiveness, and deep relationships they would expect from a boutique firm. Our attorneys and staff combine legal experience and knowledge with a sophisticated understanding of industries to work side by side with clients and come up with practical, strategic solutions specifically tailored to their business 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: http://www.bradley.com/

McGovern & Greene LLP is a Forensic Accounting, Consulting and Investigative firm committed to helping our clients preserve, protect and recoup their most valuable assets. Our experienced team of CPAs, Investigators and Fraud Examiners provides pragmatic solutions to complex challenges and opportunities. We provide expertise in forensic accounting, economic damage analysis, fraud examinations, internal investigations, corporate risk and compliance assessments, financial due diligence, and government contract accounting to law firms, corporations, government agencies and law enforcement. Our experts provide exceptional depth of experience and are frequently called to serve as expert witnesses in high-stakes litigation.

Website: https://mcgoverngreene.com/

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