Professional Accounting Blog

    Accounting For Your Prosperity

    Manufacturing Business Interruption Loss Mitigated by Stock

    Posted by Patrick Kelleher, CPA, CFF on Jul 11, 2018 3:45:58 PM

    Manufacturing Business Interruption Loss Mitigated by StockMost first-party property policies place the duty to reduce the economic impact of a loss-of-revenue event on the insureds. In the manufacturing industry, insureds that have just experienced a loss event often sell from inventory while production is interrupted, all in an effort to minimize or eliminate revenue loss. It's a simple concept.

    However, making the insured whole following the loss event – and the subsequent mitigation – should be carefully analyzed.

    Meaden & Moore's investigative accounting experts address this in our whitepaper, Manufacturing Business Interruption Loss Mitigated by Stock. Download it today to fully understand the complexities of how to mitigate the economic impact of a loss event.

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    Patrick Kelleher, CPA, CFF

    Written by Patrick Kelleher, CPA, CFF

    Patrick Kelleher, CPA, CFF, has nearly two decades of experience working in the area of forensic and investigative accounting field. He has extensive experience in the commercial insurance claims area, evaluating claims of financial damages, including business income, property and fidelity matters ranging from $50,000 to $150 million in damages.

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