The Business Income Coverage Form (BIC) defines business income as
Choose one answer.
A. Gross income that would have been earned or incurred less continuing normal operating expenses, excluding payroll.
B. Gross income that would have been earned or incurred plus extra expenses incurred to reduce the extent of the loss.
C. Net income that would have been earned or incurred less continuing normal operating expenses incurred, plus payroll.
D. Net income that would have been earned or incurred and continuing normal operating expenses incurred, including payroll.