Book Review: Measuring Business Interruption Losses and Other Commercial Damages
Jennifer L. Polhemus. 2021. Book Review: Measuring Business Interruption Losses and Other Commercial Damages. Journal of Legal Economics 27(2): pp. 61–65.
This volume, an update of the 2009 second edition, delves into the expected segments of the expansive lost profits universe, including legal principles, revenue and cost projection, present value discounting, business valuation, and the particularities of intellectual property, securities, and antitrust damages. Note that although ‘‘business interruption’’ can sometimes mean specifically those insurance claims under loss of business income and extra expense policy provisions, this book’s title uses ‘‘business interruption’’ more broadly, as occurring anytime an event interferes with business performance and a claim or lawsuit ensues.
Jennifer L. Polhemus