FERGUSON GROUP 2 - 2004 - Laserfiche WebLink

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3. Loss of "business income" coverage for the payroll expense of all your employees other than officers, executives, department manag- ers, employees under contract and other important employees, will apply for a period of up to 90 consecutive days during the "period of restoration". 4. The amount of Abusiness income" loss will be determined based on: a. the net income of the business before the insured loss occurred; b. the likely net income of the business if no loss occurred; c. the operating expenses, including payroll expenses, necessary to resume opera- tions with the same quality of service that existed just before the insured loss; and d. other relevant sources of information, including: (1) your financial records and account- ing procedures; (2) bills, invoices and other vouchers; and (3) deeds, liens or contracts. 5. The amount of "extra expense" loss will be determined based on: a. all expenses that exceed the normal operating expenses that would have been incurred by operations during the "period of restoration" if no insured loss had occurred. We will deduct from the total of such expenses: FE-8766.2 (CONTINUED) (1) the salvage val ue that remains of any property bought for temporary use during the "period of restora- tion", once operations are resumed; and (2) any "extra expense" that is paid for by other insurance, except for insur- ance that is written subject to the same plan, terms, conditions and provisions as this insurance; b. all necessary expenses that reduce the "business income" loss that otherwise would have been incurred. 6. We will not pay for: a. any "extra expense" or increase of "busi- ness income" loss caused by suspen- sion, lapse or cancellation of any license, lease or contract. But if the suspension, lapse or cancellation is directly caused by the suspension of operations, we will cover such loss that affects your "busi- ness income" during the "period of resto- ration" ; b. any "extra expense" caused by suspen- sion, lapse or cancellation of any license, lease or contract beyond the "period of restoration" ; c. any other consequential loss; or d. loss caused by seizure or destruction of property by order of governmental authority. But we will pay for acts of destruction ordered by governmental authority and taken at the time of a fire to prevent its spread.