Common use of Loss of Business Income Clause in Contracts

Loss of Business Income. 1. Net income (net profit or loss before income taxes) that could have reasonably been earned or net loss that could have reasonably been avoided; and 2. Continuing normal and reasonable operating expenses, including payroll. A loss of business income calculation is based upon the amount of actual loss of business income the Insured Company sustains per hour during the period of restoration.

Loss of Business Income. 1. Net income (net profit or net loss before income taxes) that could have reasonably been earned or net loss that could have reasonably been avoided; and 2. Continuing normal and reasonable operating expenses, including payroll. A loss of business income calculation is based upon the amount of actual loss of business income expenses incurred by the Insured Company sustains per hour (including payroll), but only to the extent that such operating expenses must necessarily continue during the period Period of restorationRestoration.