Business Interruption Guy

🌟 Sponsor Appreciation: Andrew Sall, The Business Interruption Guy 🌟

This week at United Claims Professionals, we're shining a spotlight on one of our dedicated sponsors, Andrew Sall, widely recognized as The Business Interruption Guy. 📊🔍

Why We Value Andrew Sall
Andrew brings unparalleled expertise in navigating the complex world of business interruption claims. His deep understanding of the intricacies involved in quantifying business losses is vital for any claims professional dealing with disrupted operations after a disaster.

Andrew offers our community crucial insights that enhance our members' knowledge, equipping them to better serve policyholders facing financial setbacks due to unexpected business interruptions. His commitment to education and advocacy supports UCP’s mission to foster a well-informed community that advocates effectively for fair claim resolutions.

A Heartfelt Thanks to Andrew Sall!
Your dedication to educating our community and advocating for fair treatment in business interruption claims is invaluable. We greatly appreciate your ongoing support and the expert guidance you provide to our members.

📘📈 Discover how Andrew Sall, Business Interruption Guy, can transform your approach to business interruption claims—his expertise is a game-changer for any claims professional looking to help their clients with business interruption claims.

Business Interruption Guy’s business has been interrupted!

It sounds like that Seinfeld episode where Kramer planned to write a coffee table book on coffee tables.

A massive storm swept through Houston at 6:30 in the evening, plunging nearly one million people into darkness. Even now, on a Saturday afternoon, 750,000 households are still grappling with the aftermath without power.

For me, it is an inconvenience. I miss my dual-screen setup and sound system. I work in coffee shops and any vacant room with air conditioning and an outlet. This is nothing compared to what many clients face with a significant business disruption.

Little inconveniences like this are an excellent reminder to everyone in the insurance business to practice empathy and realize how traumatic a genuinely catastrophic event can be for those we serve.

After much thought, I've developed simple instructions to guide you through calculating a business interruption. These steps are designed to be easily understood and implemented.

These instructions will give you a directionally correct number. It will not provide all the arithmetic support you will probably need to convince the insurance accountant.

1. Calculate the revenue you lost due to the peril covered under your property policy.

2. Calculate all the expenses you did not have to pay because your business was damaged.
a. Salaries;
b. Raw materials;
c. Maintenance;
d. Utilities;
e. Etc.

3. Subtract the saved expenses from the lost revenue.

Have the insurance accountants put their calculations in this exact format? Then, you can compare the differences category by category.