In Respect of Increase in Cost of Operations. The additional expenditure necessarily incurred for the sole purpose of avoiding or diminishing the reduction in revenue which but for that expenditure would have taken place during the “Indemnity Period” as a consequence of the “Damage”, but not exceeding the sum obtained by multiplying the amount of the reduction thereby avoided by the “Business Income Percentage”; less any sum saved during the “Indemnity Period” in respect of such of the charges and expenses of the “Business” payable out of “Business Income” as may cease or be reduced in consequence of the “Damage”.
In Respect of Increase in Cost of Operations. The additional expenditure necessarily incurred for the sole purpose of avoiding or diminishing the reduction in revenue which but for that expenditure would have taken place during the “Indemnity Period” as a consequence of the “Damage”, but not exceeding the sum obtained by multiplying the amount of the reduction thereby avoided by the “Business Income Percentage”; less any sum saved during the “Indemnity Period” in respect of such of the charges and expenses of the “Business” payable out of “Business Income” as may cease or be reduced in consequence of the “Damage”.
(1) Interruption by Civil Authority: This Form, subject to it’s terms and conditions, is extended to insure the loss of “Business Income” suffered by you during the period of time, not exceeding two weeks, while access to the “premises” is prohibited by order of civil authority, but only when such order is given as a direct result of damage to neighbouring premises by an peril insured against on the Policy to which this Form is attached.
(2) Additional Time Required for Rebuilding due to the Operation of By-Laws: In the case of damage by a peril insured against, the insurance provided by this form extends to insure any increase in loss resulting from or contributed to by, the operation of any by-law, ordinance or law which regulates zoning or the demolition, repair, or construction of damaged buildings or structures, but shall in no way operate to extend the “Indemnity Period”
(3) Key Employee Payroll Expense: This Form, subject to its terms and conditions, is extended to insure up to $10,000, or the amount shown on the “Declarations Page” as Payroll Expense, for “ordinary payroll” expense which may continue during a total or partial interruption of the “Business”. Indemnity is provided for “Payroll Expenses” only to the extent necessary to resume “Business” operations with the same quality of service which existed immediately preceding the “damage” and which would have been earned had no “damage” occurred. ADDITIONAL CONDITIONS
