When calculating potential business interruption losses, what is the precise methodology for differentiating between 'continuing expenses' and 'extra expenses' to maximize recovery under a BI policy?
When calculating potential business interruption losses, the precise methodology for differentiating between 'continuing expenses' and 'extra expenses' to maximize recovery hinges on understanding their fundamental nature, purpose, and impact during the period of interruption. This differentiation ensures that each type of cost is claimed under its appropriate policy provision, optimizing the total claimable amount.