This includes any expenses to repair, replace any property or expenses involving research, replacement or restoring the lost information on damaged papers or records to the extent that it reduces the amount of loss paid under Business Income.

Actual loss sustained: Business income coverage covers the actual loss sustained by the insured as a result of direct physical loss or damage to the insured's property by a peril not otherwise excluded from the policy. ... Expiration of the policy does not end the period of restoration.

Business income coverage (BIC) form is a type of property insurance policy, which covers a company's loss of income due to a slowdown or temporary suspension of normal operations, which stem from damage to its physical property. ... Usually, coverage applies during the time required to repair or replace damaged property.

Extra expense insurance is a form of commercial insurance that pays for a policyholder's additional costs while recovering from a major disruption. ... Extra expense insurance provides cash to help you stay in business while your property is being repaired or replaced.

Business Income and Extra Expense insurance (BIEE) provides coverage when your business shuts down temporarily due to a fire or other covered loss. It helps replace your income and covered expenses like rent, payroll and other financial responsibilities while your property is being repaired or replaced.

Business income insurance helps replace lost income if you close temporarily due to a covered loss like theft or property damage from a fire. It can also help you continue paying expenses while your property is replaced or repaired.

Under many (but not all) policies, Business Income coverage includes continuing normal operating expenses such as payroll expenses. ... Business Income coverage only applies during the period of restoration; if you have resumed operations, the period of restoration has ended.