Sunny Stays, a Florida hotel three miles inland of the Gulf Coast, filed a business interruption claim with its insurance company claiming damages due to a recent Gulf oil spill. The insurance company denied the claim citing insufficient documentation and failure to demonstrate a connection between the spill and the alleged damages. As a result, Sunny Stays has decided to take legal action against its insurance company and has hired an attorney. You, a forensic accountant specializing in insurance claims, have been engaged by the attorney to help him substantiate Sunny Stays' business interruption damages.
In order to determine Sunny Stays' business interruption damages, what information will you require and for what specific purpose will you require it?
Base your response on your reading this week and additional research. The online databases available through NEC's Danforth Library are an excellent source for additional research. You may also find it helpful to use a search engine, such as Google, to find relevant articles and websites of forensic accounting firms that provide litigation services involving insurance claims (especially oil spill claims). Be sure to cite your sources properly in APA format.
As a guideline, your write-up should be approximately 600-to-800 words. With that said, quality is more important than quantity.
Refer to the Grading Rubric in your syllabus.
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