0
What else can I help you with?
What is the waiting period included in the definition of period of restoration in the business income coverage form?
72 hours
Is additional insured the same as insured as used in a business income coverage policy?
An Additional Insured is only used for General Liability coverage. Since Business income is a property coverage, they would not be insured. Also, business income is designed to pay for loss of income to the insured, not lienholders, or contractors they are performing jobs for.
What is BIEE insurance coverage?
Business Income and Extra Expense.
What business income coverage form pays the extraordinary expenses incurred to maintain operations after the occurrence of a covered peril?
Business income insurance DOES NOT contain coverage for extra expense, extra expense is a coverage form add on that you must opt to purchase along with the business income. Extra expense coverage can be used to mitigate the business income losses by spending up front money, such as a generator at a food plant to make sure the food isn't spoiled after a fire takes down the connection to the power grid.
What is business income extra expense insurance?
Coverage for loss of income and extra expenses necessary to continue operating following a covered loss.
Why is the operating earnings subtotal included in most income statements?
Operating income is the income generated by business with basic business activity that's why everybody interested in that amount more than anybody else.
Are purchases of supplies included on a 1099?
Purchases of supplies are not included on a 1099, instead they are included as an expense on a Schedule C Business Form when you file your income taxes.
Compare and contrast the difference between business management and school management?
When managing a business, the focus is on generating more income. In a school, the focus is on managing the resource allotted.
What are the key components that should be included in a business plan for an investment property?
A business plan for an investment property should include key components such as the property's location and market analysis, financial projections including income and expenses, a marketing strategy, a management plan, and an exit strategy.
What are the subjects in bcom pass final year?
cost and management account business practise entreprenaurial development and project management income tax etc
What is expected revenue?
the income that you will be expecting to receive, included with your start up cost, when preparing to start up your business
What are the importance of financial management in any business organization?
Financial management is the managing of income and expenditure and also about making decision that will enable the business to survive financially. The aim is to create ggggggggggggwealth and generate cash in order to make the business profitable.
