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May 2016 » Coping with Catastrophes
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Brent T. McCallum, CPA, and Michael C. Knapp, PhD, CPA
In BriefRecent disasters like Hurricane Sandy have underlined the important role CPAs can play in getting businesses back on their feet again. As a major step in this process, CPAs, in coordination with other specialists, can help develop a claim and negotiate a settlement under a business interruption policy. Providing effective advice in this area requires a familiarity with insurance terminology, a strong technical background, a thorough approach to the process, and a risk management focus.
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