Introduction to Business Interruption Insurance (Langley, BC)

In-person Seminar

Sandman Signature Langley Hotel, 8828 201 Street, Langley, BC, V2Y 0C8 Map
Date and Time: November 23, 2023 8:45am - 12:00pm PST


Limited capacity for this in-person workshop! 

Do the words Business Interruption Insurance cause you to shiver? This important type of insurance can be perceived as highly technical requiring years of study and many questions tend to be left unanswered. Through the use of simple numerical examples, this seminar will provide you the tools and confidence you need to understand the concepts and methodology relating to a business interruption loss.  Participants will be arranged in small groups for calculation exercises.

Seminar Objectives

Understand business income, profits, earnings, and co-insurance  
• Identify warning signs 
• Review income statements and obtain the additional information required
• Determine loss of sales and calculate profits/earnings as defined
• Discuss increase in cost of working and saved expenses
• Determine variable and fixed costs and their impact
• Discuss ordinary payroll options and payroll coverage issues
• Calculate a loss


Bichtar Mahal,  BBA, CPA, CA, CIP , Partner  - Williams Meaden & Moore Inc. 
Bichtar has over 30 years of accounting experience and specializes in the quantification of commercial losses relating to Business Interruption, Soft Costs, Delay in Start-up, Property Damage and Stock claims for both insurance and litigation purposes. He has participated in appraisals under the Insurance Act and has provided testimony as an expert witness in mediation proceedings. Bichtar is a Partner at Williams Meaden & Moore Inc. He is a Chartered Professional Accountant, holds a Bachelor of Business Administration degree and has a Chartered Insurance Professional designation.

Damian Alksnis,  CPA, CMA, CFF, CIP , Partner - Williams Meaden & Moore Inc.  
Damian is a Partner at Williams Meaden & Moore Inc. and has over 20 years of accounting experience. Damian specializes in the quantification of commercial losses relating to Business Interruption, Liability, Soft Cost, Property Damage, Stock, Cyber and Fraud claims for both insurance and litigation purposes. He has provided testimony as an expert witness in mediation proceedings and Ontario and BC Supreme Court trials. Damian has provided numerous training seminars for the Insurance Institute, insurers and law firms.

Mark Harrop,  CPA, CMA , Forensic Accountant - Williams Meaden & Moore Inc. 
Mark has spent his career specializing in economic damage quantification. He has significant experience in loss measurement relating to insurance losses and litigation support since 2000 and extensive experience analyzing insurance losses across Canada and throughout the USA.

Kristen Keraiff, CPA, CA, CFF, CAMS , Manager  - Williams Meaden & Moore Inc. 
Kristen has over 10 years of accounting experience.  Her focus is on the quantification of commercial losses primarily relating to business interruption and stock claims. She has provided seminars on business interruption loss calculation methodology and trends to insurers and other industry professionals.

Number of Continuing Education Credits: 3 Technical CE Credit (BC)
Please be aware that tardy arrival or early departure to/from the webinar will preclude IIBC from issuing a CE certificate for this education session.
* If you require CE credits for licensing renewal requirements in provinces other than BC, please check with you provincial licensing regulator for validity.

Registration Deadline: Wednesday, November 22, 2023

Fees: Before GST. Insurance Institute membership required

$119.05 IIBC Member - includes continental breakfast and GST

+$85.71 Insurance Institute membership for New Members (membership exp May 31, 2024 )

Cancellation Policy:   No refunds.  Participant substitutions accepted up to 24 hours prior to webinar (substitute must be current member). IIBC reserves the right to cancel the webinar due to unforeseen circumstances.

Winnie Hon, CIP , Seminars & Events Specialist
Insurance Institute of BC
T: 604.678.5747 

New members: IIBC Membership Fee of $85.71 is applicable (membership expires May 31, 2024).  For assistance to renew or process a new membership, please contact or 604 681 5491.