October 2005 Dec Page

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Question of the Month

 

The insuring agreement of the business income coverage form declares that the insurer will pay for the actual loss of business income that the named insured sustains. Such coverage is aimed at allowing the insured to realize the net profit that would have been earned had the business interruption not occurred. However, what if the insured would not have had a net profit; that is, what if the expenses prior to the business interruption loss would not have been covered by earnings?

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