EXTRA EXPENSE COVERAGE pays all sums required for an insured to get back in business as soon as possible, without regard to the income to be generated by the return to business. This includes, but is not limited to, transportation fees when using next-day service instead of normal shipping schedules, any surcharge to put a rush on a purchase order, or special set-up fees charged for a manufacturing order. Money used to re-open a business are paid under this form. This coverage should be considered in cases where no business income loss will be sustained but where the insured will spend considerable funds to resume operations, regardless of the circumstances.
(Use ACORD Form #810)
Related PF&M Article: Time Element Coverage Forms Overview