Yacht Insurance Claims

Business Income Loss

Business income can be defined as net income, or net profit or loss after taxes, which would have occurred. Business income also includes normal business operating costs such as payroll and rent. Business income loss requires proof like all other losses, but can take significant time to properly determine. Business income loss only applies to covered losses. There are multiple policy options, including extra expense coverages, available when purchasing business income loss insurance, it is important to choose the coverage appropriate for you and your business.

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