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Accounting for Business Income Loss

All parties involved in a BI loss claim, adjusters especially, must have a basic understanding of financial accounting concepts to ensure the policyholder is properly indemnified for his or her loss.

By Bruce D. Smith, CPA, CFF, CFE | Updated on February 13, 2012

All parties involved in a business income (BI) loss claim, adjusters especially, must have a basic command of financial accounting concepts to ensure that the policyholder is properly indemnified for his or her loss.

To fairly value a business income loss claim, for instance, an adjuster must understand how a policyholder captures economic transactions on financial statements.

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