Loss of income definition

Loss of income means the income your business could reasonably be expected to have earned during the period of restoration if no covered property loss had occurred less any income your business actually earned. Loss of income does not include charges and expenses which do not necessarily continue during the time of interruption. Coverage also applies to expenses you incur to reduce loss of income, however, only to the extent that they actually reduce your loss of income.

Loss of income means the lesser of the:

Loss of income means gross income actually lost by a victim

Examples of Loss of income in a sentence

• As far as legally possible, we exclude legal responsibility for the following: Any loss to you arising from use of our site Loss of income, profit, business, data, contracts, goodwill or savings.

• Business Interruption Loss of income and additional cost of working due to damage caused by terrorism.

• Loss of income from crops during the first twelve months following the con- version of productive cropland to per- manent vegetative cover or trees may be considered a part of the BMP cost for a project where it is determined that harvesting or grazing restrictions are necessary in order to establish properly the practice and the reim- bursement for loss of income is nec- essary to provide incentives to achieve an adequate level of participation as defined in 7 CFR 700.4(a).

• Loss of income and extra expense insurance in amounts as will reimburse Tenant for direct or indirect loss of earnings attributable to all peril commonly insured against by prudent lessees in the business of Tenant or attributable to prevention of access to the Premises as a result of such perils.

• Loss of income from work the victim or claimant would have performed if the victim had not been injured or died, reduced by any income from substitute work actually performed by the victim or claimant or by income the victim or claimant would have earned in available appropriate substitute work which he or she was capable of performing but unreasonably failed to undertake.

More Definitions of Loss of income

Loss of income means the Salary applicable for the ordinary hours of work normally undertaken by the Employee but shall not include payment for additional hours of work or payment at Overtime rates; v “Proof of current registration” shall be a letter from the relevant service stating the employee’s name and membership number. (b) Where an employee’s attendance at a fire or other emergency warrants their absence from work for a period greater than three (3) hours, a minimum break of ten (10) hours shall apply between an employee’s cessation of attendance to an emergency and their re-commencement at work the next day.

Loss of income means income the insured would have earned but for the injuries received in the auto accident, less any income actually earned from employment during the period the insured is recovering from bodily injuries caused by an auto accident.

Loss of income shall be computed as 20% of the total amount for unfinished work performed by Customer or any third party service DL Restcon. Customer agrees to provide, within ten (10) days, copies of all pricing, bills, receipts and/or invoicing from any and all third parties upon written request by DL Restcon. Further, Customer agrees to provide a full and complete release of any liability related to any work that was cancelled prior to completion.

Loss of income means the difference between:

Loss of income means income actually lost by a person

Loss of income means an event, other than Your Disability, that affects Your ability to earn an income and meet Your obligations under this Agreement;

Loss of income means Your loss of permanent, contract or temporary employment, or any other form of income that You have been receiving for at least 3 months immediately prior to the Entry Date.