Business Interruption Insurance
Claim Checklist

Included in this web page is a brief outline of our business interruption insurance claim checklist that is often used by our clients as a starting point for all business income losses and claims.

Even PJA's complete checklist is intended to be used as a guide only and does not purport to be all-inclusive. It is not a substitute for judgment, as no list of procedures can be so complete as to include all points that should be considered in each loss. Since it is a guide, it should be modified or supplemented by the user as circumstances warrant.

However, if the checklist is properly used as an information tool, then the key factors/questions that must be addressed in a business interruption insurance claim will be.

Overview of Our Business Interruption Claim Checklist

A. IMMEDIATE STEPS

• Notification of appropriate parties as required in the policy
• Protection and preservation of damaged and undamaged property

B. INITIAL PROCEDURES

• Investigation of loss and video/picture evidence
• Steps to mitigate the loss

C. INSURANCE POLICIES

• Obtain and review

D. BUSINESS AND OPERATIONS

• Familiarize with the business and its future plans
• Determine how the business is and will be affected

E. CLAIM CALCULATION COMPONENTS

• Indemnity/Loss Period
• Production
• Sales (Turnover)/Revenue
• Actual Loss Sustained/Principle of Indemnity
• Costs/Expenses/Standing Charges
• Ordinary Payroll
• Expenses to Reduce Loss/Increase in Cost of Working
• Extra Expense
• Co-Insurance

The above is just a brief outline of a checklist. We can be reached at 604-688-9100 or complete the following inquiry form and one of us will call you back.