Business & Industry Knowledge Network: Insurance Recovery Litigation Due to COVID-19 (1 hour - early morning) – Webcast

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Feb 19, 2021

Registration: 7:15 AM / Program: 7:30 AM - 8:30 AM Pacific Time

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

OSCPA Members - One hour FREE CPE offered at each knowledge network!

The business and industry focused knowledge network explores business management and consulting topics in one hour informational sessions with experts and peers.

Business & Industry Knowledge Network developed by the OSCPA Business Management & Advisory Services Committee.

Designed For

OSCPA members and their peers working in business & industry, advisory services, and management consulting fields.

Objectives

Provide an overview and update of important issues impacting the business arena.

Major Subjects

After the pandemic hit, businesses that were forced to close submitted insurance claims for business income losses. The insurance industry generally argues the claims are not covered, which has resulted in over 1,000 lawsuits being filed around the country. This seminar explores the evolving litigation over business income insurance coverage, and how courts are managing the common issues among many cases. We will also discuss how business income losses are usually calculated, and whether pandemic-related losses will be treated differently.

This event is member only - you must be logged in as a member in order to add it to your cart.


Leaders

Laura Lemco

Laura Lemco, CVA, MBA

Education
     Bachelor of Arts in Business with a certificate in Russian Studies – Oregon State University 
     Master’s in Business Administration - Fort Hays State University
Accreditation
     Certified Valuation Analyst - National Assoc. of Certified Valuation Analysts
     American Society of Appraisers – Member since 2012
Experience
     Appraisals – Laura has 10 years of experience performing business appraisals. Every assignment is a unique, synergistic combination of management, economics, finance, operational performance, sales and business law. 
     Business Turnaround – Laura stepped in as active manager and Interim President to turn around a company with $20 million in annual sales. Within one year, Laura and her team fully paid all debtholders (without any bankruptcy protection) and sold the business for a profit.  
     Mergers & Acquisitions – Laura spent several years assisting business owners and buyers as a transition consultant helping get the deal past egos and misunderstandings.  Her ability to work with clients in a high stress environment while coordinating with attorneys and CPAs brought value to the process of business transitions.
     Management Consulting – Laura and her father, Ed Lemco, led management peer groups for many years.  Ed developed a unique monthly report that was a composite of financial and operational reports that enabled clients to assess their performance in light of past performance and group benchmarks.  Quarterly meetings gave everyone “time in the box” to share their situation, speak to their numbers and get timely, real-world advice from the moderators and peers.  Being held accountable to regular reporting, sharing with peers and keeping implementation commitments enabled business owners to work strategically and effectively instead of being in “The Swirl.” 
     Sales – Laura believes that sales is the lifeblood of any business. She has experienced the sales process as an opportunity to connect people with the best solutions to meet their needs and wants.
     Sales Training –Laura enjoys training people to use proven sales processes and understand the importance of sales for the business and for their own lives. Using an effective sales process is a transferable skill people can use their whole lives.

(2/5/21)

Kelly McCann

Kelly McCann is an attorney at Financial Planning Law where he partners with accountants to design asset protection plans, and estate plans for clients. He also regularly represents clients in tax audits. 

As many of his clients have been aversely affected by the economic fallout related to the COVID-19 pandemic, Mr. McCann has developed expertise in COVID-19 related business insurance claims.

(1/14/21)