Sample Excerpt from a 600-page Business Income Claim Loss of Income Sales (Schedule A) September October November December January February March April May Lost Sales See Schedule A $58,704 $94,800 $106,571 $131,542 $89,727 $77,333 $92,175 $836,382 $93,187 Net Profit Lost See Schedule B 12,974 20,951 23,540 29,071 19,830 17,091 20,371 19,090 20,549 Plus: Continuing Expenses Administration See Schedule C-1 3,027 2,884 507 626 427 368 439 411 444 Occupancy See Schedule C-2 6,546 6,546 6,546 6,546 6,546 6,546 6,546 6,546 6,546 Advertising See Schedule C-3 1,514 2,445 2,747 3,393 2,314 1,994 2,377 2,228 2,403 Selling See Schedule C-4 5,168 5,168 5,168 5,168 5,168 5,168 5,168 5,168 5,168 Total Continuing Expenses 16,255 17,043 14,968 15,733 14,455 14,076 14,530 14,353 14,561 Other Income Delivery See Schedule D-1 647 1,530 1,719 2,123 1,448 1,248 1,487 1,394 1,504 Fabric Protection See Schedule D-2 1,086 1,754 1,970 2,433 1,660 1,413 1,705 1,598 1,724 Appliance Warranties See Schedule D-3 4 7 8 9 6 5 7 6 7 Misc. Inc. (Short Over) See Schedule D-4 - - - - - - - - - Total Other Income 1,737 3,291 3,697 4,565 3,114 2,666 3,199 2,998 3,235 Business Income Loss $30,966 $41,285 $42,205 $49,369 $37,399 $33,833 $38,100 $36,441 $38,345 Cumulative Loss $30,966 $72,251 $114,456 $163,825 $201,224 $235,057 $273,157 $309,598 $347,943 CORPORATE OFFICE 126 Business Park Drive Utica, New York 13502 800.382.2468 Outside U.S. (315) 797.3035 FAX: (315) 272.2054 Editor@AdjustingToday.com Follow Adjusting Today® on Facebook & Twitter: Facebook.com/AdjustersInternational Twitter.com/AdjustingToday ADJUSTINGTODAY ® Adjust ingToday. com View our entire catalog of back issues, download PDF versions, subscribe and contact the editor. WEB ADDRESSES AdjustersInternational.com AdjustingToday.com PUBLISHER Ronald A. Cuccaro, SPPA EDITOR Sheila E. Salvatore AT00 3017-R3 William Rake, SPPA Adjusters International ____________________ Footnotes 1 Additional recommendations are listed on the “Post-Loss Checklist” on page 5. 2 A sample building estimate is included on page 7. 3 A sample business personal property inventory is included on page 7. Do not rely solely on your historical records; secure current replacement estimates. Adjusting Today® Basis for Institutes CE Courses The Institutes, the leader in providing knowledge solutions for risk management and the property/ casualty insurance industry, offers continuing education courses based on technical information compiled from issues of Adjusting Today. The courses —“Valuing a Property Insurance Claim” and “Natural Disasters: Coverage Issues”— include seven modules each and are approved for credit by insurance departments in most states. They are offered to property insurance producers, adjusters or both, depending on the state, for up to three continuing education credit hours per course. More information is available at CEU.com. ADJUSTING TODAY® is published as a public service by Adjusters International, Ltd. It is provided for general information and is not intended to replace professional insurance, legal or financial advice for specific cases. Copyright © 2020 Rising Phoenix Holdings Corporation. All Rights Reserved.
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