During a family reunion in Nova Scotia an attendee who is employed as an insurance agent starts sharing his opinion that all individuals need to have adequate insurance. Another family member in attendance who owns a sub shop makes an inquiry about business income insurance. The agent would inform him that all of the following statements about business income insurance are true EXCEPT:

	a.	Business income is defined as total sales that would have been made if the loss had not occurred.
	b.	Payroll is considered a continuing normal operating expense.
	c.	Business income insurance does not cover the physical damage caused by a peril which created the interruption in business.
	d.	The business income coverage form can be purchased with a coinsurance requirement.