Posts tagged as:

documentation

Developers: The General Contractor Can Cost You Millions On A Construction Delay in Completion Insurance Claim

by John February 15, 2010

When you are the developer of a commercial property, a lot is riding on your general contractor, and never more so than when you must submit a construction delay in completion insurance claim.  The general contractor is the person in charge of building the project, making sure all of the subcontractors get paid, and keeping [...]

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How to Recap a Phone Conversation With Your Insurance Adjuster

by John February 10, 2010
Thumbnail image for How to Recap a Phone Conversation With Your Insurance Adjuster

When dealing with an insurance company representative regarding a business interruption loss insurance claim, it is prudent to operate under the assumption that if it is not in writing, it never happened.  Verbal meetings to discuss a business income insurance claim can be very productive, whether they happen face-to-face or over the phone.
However, I always [...]

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Flip Video Camera Can Help Document a Soft Cost or Delay in Completion Claim

by John February 3, 2010
The Flip video camcorder can help you.

When a major construction project experiences a loss, a contractor is suddenly faced with the daunting task of documentation for the insurance claim.  To document a construction soft cost or delay in completion insurance claim, the insured party should video tape the damage, recovery, and general project progress on a weekly basis.
If you’re the “Clerk [...]

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How Twitter Can Affect a Business Interruption Settlement

by John January 29, 2010
Twitter

In this digital age, information is abundant and immediate. The best sources for information are no longer newspapers, magazines, or specialty publications. Consumers go online to the “comments” section of an online newspaper, blogs related to an industry, or customer review websites. For example, when my family plans a vacation, we regularly visit [...]

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Pay Attention to Franklin if You Want to Keep Your Benjamins

by John January 4, 2010
Hutson Resource Group, Forensic Accountants

I will admit that I don’t know as much as I should about American history. To be honest, I just didn’t pay attention to history lessons while I was in school. Now that I’m a little older (ahem!), I do find it to be more interesting. Last winter, I watched with fascination the HBO [...]

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When Should You Call in a Forensic Accountant?

by John January 2, 2010

Immediately following the incident.  A seasoned expert can help you put your records in order for an advance request, discuss mitigating efforts, assist with setting up record keeping protocols that make sure no information is overlooked, and just act as an incentive for the insurance companies’ experts to play a little more fairly, because they [...]

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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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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, to [...]

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