Thursday, September 21 - 1:30 pm -4:30 pm (Choose A or B)
Concurrent Workshop A
Business Income Insurance – Avoid the disaster, after the physical disaster
Paul Migdal, Esq, Adjusters International - 3 CE WA
Insurance professionals who participate in this Business Income Insurance class will learn how to protect policyholders from catastrophic loss of income, in the aftermath of property damage. They will gain insights and proven techniques from a licensed public insurance adjuster with decades of experience across the US and internationally. Participants will learn the complex relationship between physical loss and financial loss, and how to insure against the threat of both.
Pre-loss: study and understand the nature of the business and its income.
Post-loss: who hires the forensic accountants? Who researches balance sheets and business plans to accurately present earning potential in “what if” scenarios to the insurance company? Who negotiates the differences between the insured’s and the insurance company’s calculation of loss? Successful insurance recovery can be the difference between resuming operations or closing. Paul Migdal, Esq. provides the framework and examples from his own experience, so insurance professionals will be better able to specify the right types and amounts of property and income insurance for their policyholders.