IIBC – Introduction to Business Interruption (Langley)

by Insurance Institute of BC

November 23, 2023

Seminar Date & Time:
Thursday, November 23, 2023 at 8:45 – 12:00 pm PST

Seminar Location:
Sandman Signature Langley Hotel, 8828 201 Street, Langley, BC

Limited capacity for this in-person workshop!

Do the words Business Interruption Insurance cause you to shiver? This important type of insurance can be perceived as highly technical requiring years of study and many questions tend to be left unanswered. Through the use of simple numerical examples, this seminar will provide you the tools and confidence you need to understand the concepts and methodology relating to a business interruption loss. Participants will be arranged in small groups for calculation exercises.

Seminar Objectives
• Understand business income, profits, earnings, and co-insurance
• Identify warning signs
• Review income statements and obtain the additional information required
• Determine loss of sales and calculate profits/earnings as defined
• Discuss increase in cost of working and saved expenses
• Determine variable and fixed costs and their impact
• Discuss ordinary payroll options and payroll coverage issues
• Calculate a loss

Presenters from Williams Meaden & Moore Inc.:

Bichtar Mahal,  BBA, CPA, CA, CIP , Partner
Damian Alksnis,  CPA, CMA, CFF, CIP , Partner
Mark Harrop,  CPA, CMA , Forensic Accountant
Kristen Keraiff, CPA, CA, CFF, CAMS , Manager