Posts Tagged ‘Gross Revenue’

Should the Business Interruption risk be insured on a Gross Profit or Gross Revenue basis? We are often presented with this issue.   The answer requires an understanding of "Gross Profit" and "Gross Revenue".    Gross Profit is just a level of earnings.  This level varies between accountants and industries.  For insurance purposes only one level of Gross Profit is relevant.... that which is defined in the insurance policy.    Full story