From the monthly archives:

December 2009

How to Document a Construction Delay in Completion or Soft Cost Claim

by John December 27, 2009

Developers often run into trouble when they make claims for delay in completion or soft cost claims.  These claims are triggered when damage to the construction causes a delay in the planned completion date.  Many of the problems associated with proving these claims can be minimized by meticulously documenting the damage and recovery efforts beginning [...]

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The Fraud Triangle

by John December 24, 2009
Thumbnail image for The Fraud Triangle

There are absolutely no hard and fast rules for all of the characteristics of individuals who commit occupational fraud.  Every single person has his or her own traits and motivations.  However, there are some characteristics that are common to many fraudsters. These characteristics were identified by criminologist Donald R. Cressey while he studied embezzlers.  He [...]

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Advances: Real Money, Right Now

by John December 21, 2009
Cash

Cash is King. This is always true and never more so than when a company is losing production and/or sales due to a disruption.  As a general rule, the smaller the business, the more critical the need for cash following a disaster. So how is a business supposed to operate and replace assets while its [...]

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What in the World is ‘Due Diligence’ ?

by John December 18, 2009

Many times business owners, corporate officers, or risk managers don’t hear the term, “due diligence and dispatch” until the end of their business interruption claim.  These four little words can have a big impact on your claim.  So what does ‘due diligence’ mean? The insurance company expects claimants to move forward, at a reasonable speed, [...]

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Top 5 Tips to Deter Fraud

by John December 15, 2009

Are you a doctor or other small business owner? Here’s my best advice to you for deterring fraud in your small business: Take a few minutes each month to personally review the bank statement for your business.  Make sure that it is common knowledge that you do this every month. Segregate check payment, bank account, [...]

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