The North Bay fires have caused unprecedented losses and hardship for so many fellow Sonoma County residents and business owners. While the first priority is to access physical damages and rebuild, there is an element of the overall loses that can be overlooked: Loss of Income due to business interruption. This is defined as “A type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster.
At Linkenheimer LLP, we have many years experience in assessing circumstances that have resulted in a Loss of Income. Our expertise in this area encompass: research, analysis, report writing, and when needed, testimony to support the positions taken.
If you or anyone you know who has been affected by the fires, and have experienced a Loss of Income, please contact Linkenheimer and we will be glad to meet to discuss the situation.
Written by Steve Miksis, CPA.