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To protect against business interruption losses. Bob's Car Dealership purchased business income insurance. Bob's earns monthly revenues of $100.000 and incurs monthly expenses of $70,000.
To protect against business interruption losses. Bob's Car Dealership purchased business income insurance. Bob's earns monthly revenues of $100.000 and incurs monthly expenses of $70,000. Damage from a covered peril forced Bob's to cease all of its operations for three months. During this time period, Bob's earned no revenue and incurred $100.000 in expenses. How much will Bob's Car Dealership receive for loss during the three month period? Assume all extra expenses are covered and ignore policy limits $90,000 $190,000 $210,000 $300.000
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