What does Actual Loss Sustained mean?
Actual Loss Sustained means the business owner is eligible to collect the amount of Business Income actually lost due to the necessary suspension of operations during the period of restoration. An Actual Loss Sustained limit is not required, but recovery is limited to the amount of net income and continuing normal operating expenses actually lost, up to the limit on the policy. Payroll that continues is included in that calculation. Keep in mind that specific carriers may amend their Business Owner Policies, so not all companies would necessarily follow this overview.
