From the monthly archives:

June 2010

Fraud Happens…Even in Your Company

by John June 29, 2010

The trust and optimism of business owners and managers never ceases to amaze me. No matter who I approach regarding fraud deterrence services they will tell me that fraud “doesn’t go on around here,” and “I trust my staff implicitly.” These are the same people who, once a fraud is uncovered, will say, “I never [...]

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Will Professional Fees for Claim Preparation be Reimbursed to Businesses Affected by the Gulf Coast Oil Spill?

by John June 24, 2010

I contacted the Bristish Petroleum claims hotline today and asked them the following question: If a business retains a forensic accountant to quantify, support, and create a claim for their economic damages related to the oil spill, will the forensic accountant’s fees be reimbursed? I think this is a reasonable question given that this is [...]

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How to Expedite Payment for a Business Interruption or Business Income Claim Related to the Gulf Coast Oil Spill

by John June 21, 2010

I recently read a story in the New York Times that discusses the lack of payment to business owners affected by the Gulf Coast oil spill. I think that the general public is amazed, and outraged, that payments are slow if they come at all. As someone who values large commercial insurance claims, I am [...]

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Should You Continue Paying Your Employees During a Business Interruption Loss?

by John June 14, 2010

The issue of whether or not to continue paying employees during a business interruption loss is one of the most difficult for my clients.  On the one hand, many of my clients have real empathy for their employees, and treat them like family. When their business experiences a loss, they don’t want to see their [...]

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John Hutson Published in Construction Executive Magazine this Month

by Mary June 9, 2010

John has a great article published this month in Construction Executive magazine called, Common Errors that Kill a Soft Cost Claim. If you’re a long-time subscriber to our blog, you may not realize that you can sort through all of our postings using the links in the footer area and the side bar of this [...]

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Gulf Coast Restaurants Should Watch Profit Margins for Loss of Business Income After Oil Spill

by John June 4, 2010
Thumbnail image for Gulf Coast Restaurants Should Watch Profit Margins for Loss of Business Income After Oil Spill

Everyone knows that tourists and locals on the Gulf Coast eat seafood and lots of it! After I spend a day on the beach with my wife’s family, one of my favorite places to eat is Lulu’s in Gulf Shores. I’ve many memories of relaxed family meals, the grownups sitting around peeling those shrimp and [...]

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For Resorts Affected by the Oil Spill – The Loss May Be In The Mix of People Who Are Your Guests

by John June 1, 2010

Some resorts are reporting a business interruption and lost revenue due to room cancellations as a result of the BP oil spill in the Gulf. Other resorts along the Louisiana, Mississippi, Alabama, and Florida coast lines are not yet seeing a loss of business income because their rooms are still occupied–by people who are trying [...]

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