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31 result(s) for business interruption michelle claverol
Michelle Claverol's Business Interruption E-Book
Every Sunday for the past thirty two weeks, Michelle Claverol has written on topics involving business income, extra expense and interruption claims. These are not the easiest or sexiest of insurance coverage matters, but, for many businesses, winning these issues...
Understanding Valuation Issues of Gulf Oil Spill Claims
A paper, "Understanding Valuation Issues of Gulf Oil Spill Claims," will be delivered by me in Atlanta on Thursday. For those interested in the business interruption and lost income coverage disputes that Michelle Claverol writes about on this blog every...
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the part of a series she is writing on business interruption claims). The Standard ISO Extra Expense provision...
Is BP Hiring Ignorant Claims Handlers with Little Dollar Authority to Pay Claims?
Dimechimes ClaimSmentor had an interesting post on its blog which partially supports my opinion that the BP claims process has an insufficient number of qualified people attempting to figure out and pay the full amount owed to those damaged by...
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the part of a series she is writing on business interruption claims). Keith Turner, a fellow attorney from...
The BP Oil Spill Causes an Epidemic of Claims
On Bloomberg, I gave a television interview regarding the legal and financial aspect of claims and lawsuits which are being generated as a result of the BP Oil Spill. Lost profit and business interruption claims and disputes are not novel...
Extra Expense and the Period of Restoration - Understanding Business Interruption Claims, Part 22
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the part of a series she is writing on business interruption claims). Most extra expense provisions state that...
Broken Tile Claims, Oil Spill Issues and Internet Problems
I receive a fair amount of private emails regarding certain posts. Yesterday, I received about fifty saying that this Blog was “down.” Thanks. This blog is hosted by LexBlog and this was their explanation: The issue, arising out of the...
Many business owners consider "pulling the plug" after a loss. Whether emotionally based or a strict numbers decision, business owners want to know if they can sell their business and assign their business loss claim as part of the package....
Complying with code upgrades often extends the period of time it takes to repair or replace the property after a loss....
Passing the Accounting Bill - Understanding Business Interruption Claims, Part 19
Many policyholders are not familiar with the documents or income accounting records required to present a business interruption claim. To comply with the requests from an insurance carrier....
Many property insurance policies cover "Volcanic Action." In Volcano Fiasco - Understanding Business Interruption Claims, Part 17 and Possible Coverage to Obtain Recovery from Volcanic Activity - Understanding Business Interruption Claims, Part 18, Michelle Claverol wrote regarding the possibility of...
Yesterday, I wrote about how swiftly the insurance industry has decided to shut down the possibility of recovery on business interruption claims resulting from the recent volcano eruption in Iceland....
Volcano Fiasco - Understanding Business Interruption Claims, Part 17
On April 14, 2010, a volcano that was silent for almost 200 years spewed a massive plume of ash thousands of feet into the Icelandic sky. The volcanic ash quickly spread....
The Duane Reade Saga -- Understanding Business Interruption Claims, Part 16
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the part of a series she is writing on business interruption claims). New York-based drugstore chain, Duane Reade,...
Learning from Other's Mistakes -- Understanding Business Interruption Claims, Part 15
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the part of a series she is writing on business interruption claims). “Experience is the name everyone gives...
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the part of a series she is writing on business interruption claims). Several weeks ago, in a blog...
Consequential Loss Exclusions - Understanding Business Interruption Claims, Part 13
In general, business interruption insurance is intended to return to the insured's business the amount of profit it would have earned, had there been no interruption of the business or suspension of its operations....
Strategies for Claim Resolution -- Understanding Business Interruption Coverage, Part 12
In this business, everyone has their own style of "working a claim." There are, however, healthy techniques of claim presentation that practitioners should follow to effectively present a business interruption claim....
In these tough economic times, many businesses are looking to cut expenses and trim their budgets. While it is tempting to reduce insurance coverage to minimize operating costs, business owners should not skimp on insurance protection to trim budgets....
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the part of a series she is writing on business interruption claims). Last weekend, I took a little...
The Period of Restoration Does Not End When the Business Is Sold or Operations Cease
Michelle Claverol has been writing a weekly post every Sunday regarding business interruption and extra expense issues. I can tell that weekend posts are not read as often as those published during the workweek. I encourage those involved with commercial...
Most insurance claims practitioners adhere to the general rule of presenting evidence of past business performance to predict the measure of recovery in a business interruption claim. In some cases, however, practitioners should evaluate the business' post-loss performance to formulate a more precise measure of covered recovery....
The Overhead Fight -- Understanding Business Interruption Claims, Part 8
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the part of a series she is writing on business interruption claims). Accountants usually define “overhead” as operation...
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the seventh part in a series she is writing on business interruption claims). The Saputo Cheese USA Plant...
Understanding Business Interruption Claims, Part 6: Competent Proof
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the sixth part in a series she is writing on business interruption claims). A very insightful reader posted...
Admissibility of Business Records--Understanding Business Interruption Claims, Part 5
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the fifth part in a series she is writing on business interruption claims). As a matter of general...
Assume you own a hotel at a fabulous location on South Beach. The hotel has two suite-towers and a swanky three-star Michelin restaurant in the hotel lobby. One day, the fine restaurant was consumed in flames and the hotel sustained a significant decrease in room occupancy...
Understanding Business Interruption Claims, Part 3
(Note: This Guest Blog is by Michelle Claverol, an attorney with Merlin Law Group in the Coral Gables, Florida, office. This is the third part in a series she is writing on business interruption claims). In simple terms, business interruption...
Business interruption claims are somewhat more sophisticated than the day to day claim. However, as with everything else in life, a clear understanding of all the factors and elements of this type of claim...
In general, business interruption coverage is supposed to provide the capital needed to sustain a business while its operations are suspended as a result of damage caused by a covered peril....
