Actual Loss Sustained Worksheet Insured Policy #/Quote # Agency This worksheet is required when Business Income ALS coverage is selected. Please complete this worksheet & forward to your underwriter if coverage is bound. Use the following formula to determine the correct limit of insurance for rating Business Income Actual Loss Sustained: – Estimated Annual Sales - Cost of Goods Payroll Exclusion if Ordinary Payroll Limitation is included – - Basic Business Income Value = Extra Expense Estimate + Required Limit Basis to rate for ALS =
Actual Loss Sustained Worksheet Insured Policy #/Quote # Agency This worksheet is required when Business Income ALS coverage is selected. Please complete this worksheet & forward to your underwriter if coverage is bound. Use the following formula to determine the correct limit of insurance for rating Business Income – Actual Loss Sustained: Estimated Annual Sales Cost of Goods - Payroll Exclusion – if Ordinary Payroll Limitation is included - Basic Business Income Value = Extra Expense Estimate + Required Limit Basis to rate for ALS =
als_ws.docx