Why Offset The Net Loss? – Understanding Business Interruption Claims
About a year ago, a California Court of Appeals published an opinion that invigorated the debate over the proper methodology or calculation of a business income loss. In Amerigraphics v. Mercury Casualty Company, 182 Cal. App. 4th 1538 (March 23, 2010), the court held that under the traditional Business Income Form (CP 00 30),
Business Income” has two distinct components: (i) net income, and (ii) continuing normal expenses. G