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page14APublicationofIndependentInsuranceAgentsofWVAnagencyx19scompetitorsuggestedtooneofitscommercialclientsthatitwouldstandtorecovernothingatthetimeoflossontheirbusinessincomeifthecompanyshowsnoincomeattheendoftheyear.TheclientisaCCorporationanditoftendrainsmostofitsincomefortaxpurposesbywayssuchaspayingbonusestheagencynotes.Isthecompetitorx19sstatementapplicableconsideringtheclienthascontinuedexpensessuchaspayrollReferringtotheISOCP0030businessincomepaysforthelossofnetprox14tpluscontinuingexpenses.Itwillalsopayforextraexpensesincurredtogetbackintobusinessquicker.Sotheanswerisofcourseitdepends.Inthisexampleitdependsalotonthecompanyx19sexpensesrelativetorevenue.Ifabusinessisoperatingatalossthatexceedstheamountofcontinuingexpensesitx19spossibletheywouldgetnothing.TheBigx1cIx1dVirtualUniversityhasarticlesonthetopic.TheyareNetIncomevs.ContinuingExpensesBusinessIncomeCoverageforUnprox1atableBusinessesBusinessIncomeCoverageforNonprox1atsHoweverifthecompanyisbreakingeventhepolicywillusuallycovercontinuingexpenseswhileitisshutdownandextraexpensestoexpediterecoveryuptothepolicylimit.BillWilsonisdirectoroftheBigx1cIx1dVirtualUniversity.ThisquestionwasoriginallysubmittedbyanagentthroughtheVUx19sAskanExpertService.AnswerstoothercoveragequestionsareontheVU.Forhelpaccessingthewebsiteemaillogoniiaba.nettorequestlogininformation.WAPACwww.iiaba.netFloodItx19stimetoupgradetoBigx1cIx1dFlood.FLOODInAboveandOutsidetheNFIPIndividualattention.Educationandguidance.Timelyresponse.Goingaboveandbeyond.Thesearethehallmarksofexcellentserviceyoustrivetoprovideyourclientseveryday.AreyougettingthesamekindoftreatmentfromyourcurrentfloodcarrierBigx1cIx1dFloodprovidesACCESS-InAboveOutsideoftheNFIPEDUCATION-ClassroomCEorthenewFloodLearningCenteronVUADVOCACY-RepresentationonCapitolHillNFIPadvisorycommitteesLearnmoreatwww.iiaba.netFloodorcontactBigx1cIx1dFloodProgramManagerLindaMackeyatlinda.mackeyiiaba.netor800221-7917.LetusexplainhowweoperateinaboveandoutsidetheNFIPunderstAndingAgencyeXpensesrelAtiVetoreVenueRECOVERINGREVENUEDEPENDSONThESPECIFICSOFThESITUATION