What does business income worksheet mean?

business income worksheet meaning in Insurance Dictionary

a questionnaire accustomed approximate a business's annual business income for upcoming 12-month duration, for purposes of choosing a business earnings restriction of insurance. The chosen portion, or multiple, associated with corporation's determined yearly company income for the future 12-month duration should always be according to how long it might take to change all wrecked residential property and resume businesses in the big event of a worst-case loss. For many companies, this period could go beyond one year. Most insurers require a finished company income worksheet as a disorder of activating the business enterprise income consented price coverage alternative.