Page 13 - AO 2nd QT 2017 CL

it would likely pay the di erence if your u lity costs went up because of having to move temporarily.
Your pre-loss earnings are the basis for reimbursement under business interrup on coverage. Lost earnings are typically de ned as revenues minus ongoing expenses.
What Does Business Interrup on Insurance Cover?
If your business must close due to a covered loss, you’ll be reimbursed for the revenue you would earn during the closure.
The insurance company uses your nancial records to es mate full compensa on. This is especially important for growing businesses whose revenue increases each year. Another bonus that comes with business interrup on insurance is coverage of xed expenses like rent or electricity. Typically, 23% of all sales go toward opera ng costs and even though your business is closed, you’ll s ll owe monthly bills.
Instead of ea ng into your pro t, this coverage can help pay those bills. We will make sure your policy includes extended coverage. As for covered loss, your business interrup on loss rider will mirror what’s in your main policy. If the isn’t covered, it also won’t be covered by your business interrup on policy.
Business interrup on is a cri cal product to insure you and your business can con nue to operate should you experience a covered loss.