What is the definition of business income insurance?

Answer Business income (BI) insurance is the form of insurance that compensates you for lost income whenever your business property suffers damage. Damage to business property, such as a warehouse fire or... Read More »

Top Q&A For: What is the definition of business income insur...

Is business insurance income?

A business insurance policy can provide a business with income after a loss or destruction has interrupted operations. Business insurance provides an income based on what a company would have earne... Read More »

What is the Definition of direct income and indirect income?

Money that is received straight to the recipient over a period of time.

If one received a financial compensation for loss of limb from an insurance company is that money taxable and should it be included as income for income tax in Ontario Canada?

That is going to depend on your destination. For example, if you are flying into the United States you could opt to get travel insurance from American Visitors Insurance, a well known travelers' he... Read More »

What is the difference between individual insurance and Business insurance?

individual insurance is for you, business insurance is for your business