A. Christine Davis of Financial Evidence Group, A CPA Firm, and Mark Filler of Filler & Associates, Certified Public Accountants (www.filler.com), have recently collaborated to develop and co-present a CLE program for attorneys on Business Interruption Damages for the Continuing Education of the Bar of California.
A typical business interruption insurance clause might read as follows:
We will pay for the actual loss of business income you sustain due to the necessary suspension of your “operations” during the period of “restoration.” The suspension must be caused by the direct physical loss, damage, or destruction to insured property. The loss or damage must be caused by or result from a covered cause of loss.
Both highly experienced forensic accountants and testifying experts, Ms. Davis and Mr. Filler have provided this valuable program for members of the Continuing Education of the Bar of California. The program is expected to be available to members of the CEB in early July 2021.
Leveraging Mr. Filler's extensive experience working with insurance adjusters for decades, the program includes a careful yet engaging walk-through of the key policy terms in a standard business interruption policy along with a practical and simplified case study that vividly illustrates the two widely-accepted approaches to correctly calculating the business income loss.
About CEB (www.ceb.com):
CEB was founded in 1947 as a nonprofit program of the University of California to educate veterans returning to the practice of law after service in World War II. It pioneered formal continuing legal education in the state.
It was soon apparent that attorneys were as interested in written material as they were in presentations, an interest that translated into the development of the CEB practice book. From their initial appearance as handouts, practice books evolved into comprehensive, regularly updated, publications.
CEB’s commitment to innovation produced early forays into tape recordings, video productions, telephone programs, and software. The CEB website was launched in 1997; online programs were introduced in 1999. Today, CEB’s resources include a suite of authoritative research, guidance, current awareness, and learning resources.
CEB continues to set the standard for the finest research, writing, and presentation by the top lawyers in the state.