Business Damages

As a business owner, you know how important it is to be prepared for any situation. If you have suffered a business interruption or an inventory loss for any reason and are eligible for insurance coverage or compensation, Jarvie & Company can determine the amount of benefit you are entitled to. We have the knowledge and expertise necessary to understand your business and your unique insurance policy to accurately calculate the insurable loss. 

To calculate your total financial loss we may ask for documentation from the 3-5 years prior to the loss and from the date of the loss to the date of our calculations including:

  • Financial statements of the business and supporting documentation
  • General ledgers and year-end adjusting entries
  • Bank statements
  • Payroll journals
  • Retail sales tax returns
  • Monthly sales records
  • Sales by significant customers
  • Collective bargaining agreements
  • Franchise agreements
  • Lease agreements
  • Any other information or documentation you feel could be helpful in understanding your situation.

We will use that information along with our own databases and additional research of industry facts, statistics, and publicly available information to perform a thorough analysis of your financial situation. Jarvie & Company will then provide a clear and unbiased report of our calculations and answer any questions you might have.

Inventory Loss

In the case of an inventory loss, our work may also include being present at inventory counts, reconstructing and/or analysing inventory records, and reviewing purchase documents to determine historical cost and age of damaged inventory and cost of replacement inventory.

We may ask for documentation including:

  • Financial statements of the business
  • Inventory ledgers from before and after the loss
  • Details of the book to physical adjustments before and after the loss
  • Purchase and/or production records
  • Monthly sales records from before and after the loss

We will combine that information with our understanding of your business and insurance policies to provide a fair, unbiased calculation of the loss payable to your business.

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Feel free to explore this site using the links above, view our Frequently Asked Questions, or contact us to schedule a time to speak with a member of our team about how we can help you.