This is a recording of the Business Income webinar presented by Karen Sorrell CPCU and Christine Barlow CPCU on September 25, 2019.
This webinar discussed business income coverage, and the three elements necessary for a loss to be considered a business income loss, what the period of restoration is, how net income should be calculated, and how extra expense and extended business income coverages apply. Additional coverages and extensions were discussed including civil authority, alterations, and interruption of computer operations. Extended period of indemnity, agreed value, maximum and monthly periods of indemnity were explained. Because of the complexity of the subject, a number of case studies were presented.