The interruption of the business as a result of a natural disaster represents a significant economic damage for most of the small and medium-sized companies, even being able to force the bankruptcy. Therefore, it is important that if you have adequate coverage, prepare an expert report that estimates the economic damage externally and objectively. In some cases and depending on the type of coverage, the insurance can cover part or even the entire cost of said report. We have vast experience in the preparation of business interruption reports that help our clients recover economic damages as a result of a natural disaster.
The report has a specific methodology taking into account the type of business, industry and years it has been operating, among others. The analysis is based on the most recent financial statements and projections, as well as the loss of net sales, variable expenses and extraordinary expenses incurred. More than a cost, the report is an investment that will help you recover part of the capital invested in the business, so the return on investment is high.
Some of the benefits of submitting business interruption report are:
- Obtain working capital to continue operating
- Reduce economic losses
- Recover the investment in equipment, machinery and inventory
- Improve cash flow and increase the company’s liquidity
Contact us to advise you about the benefits of a business interruption for your company.