Category: Business Insurance Claims

Business Insurance Claims

Hidden Risks in Construction Contracts by Richard Pollack, CPA


Posted on July 26, 2022 by Richard Pollack

According to the Association of Certified Fraud Examiners’ (ACFE) Report to the Nations, occupational fraud continues to plague the construction sector, which reported the fourth highest median losses of $203,000 among a total of 22 industries. Topping the list of the industry’s most common fraudulent schemes was corruption followed by improper billing practices and duplicitous […]

Hurricane Season Checklist for Business Owners by Kevin McNally, JD


Posted on June 23, 2022 by Kevin McNally

Whether you are a long-time Florida business owner, or you recently relocated your company or staff to the state, it is that time of year when you must begin preparing for hurricane season, which runs annually from June 1 through November 30. The following checklist is intended to help you protect and preserve your assets, […]

What is Representations and Warranties Insurance? by Daniel S. Hughes, CPA/CFF, CGMA, CVA


Posted on August 31, 2021 by Daniel Hughes

Representations and warranties insurance (RWI) is becoming an increasingly common and required tool to expedite M&A transactions, bridge gaps in deal negotiations and reduce buyers’ and sellers’ risks of financial losses after deals close. At the most basic level, representations are the assertions sellers make about their companies, those entities’ financial positions and past and […]

Suez Canal No Longer Blocked, But Are Damages Incurred from Supply Chain Disruptions Recoverable? by Richard Fechter, JD, CAMS, CFE


Posted on April 15, 2021 by Richard Fechter

The 1,312-foot Ever Given container ship wedged across the Suez Canal for six days in late March upended global trade and created a bottleneck of nearly 400 vessels unable to meet their contractual delivery obligations. Today, even as ships pass freely through the critical waterway that carries 12 percent of the world’s trade volume, businesses […]

Companies Gain Legal Ground in COVID-Related Business Interruption Insurance Claims by Daniel Hughes, CPA/CFF, CGMA, CVA


Posted on December 22, 2020 by Daniel Hughes

It has been nine months since millions of businesses were forced to shut down due to COVID-19 only to learn that their insurers would not payout claims for business interruption losses. While the courts have dismissed a significant number of legal actions filed by policyholders against insurers for breach of contract, it appears the tides […]

The Latest on Catastrophic Business Losses and Business Insurance Claims by Dan Hughes, CPA/CFE, CGMA, CVA


Posted on April 15, 2020 by Daniel Hughes

Relief may be coming to the millions of business owners who now realize that the insurance policies they have been paying into for many years will not reimburse them for any of the catastrophic business-interruption losses they sustained due to the COVID-19 pandemic. Already, several states have introduced bills requiring insurers to retroactively cover and […]