What is included in business income and extra expense coverage under the B and M policy?

Business income and extra expense coverage under a Business and Machinery policy is designed to protect a business from losses associated with a temporary interruption in operations due to an insured event, such as a breakdown of machinery or equipment. This coverage specifically includes the income that would have been earned during the period of interruption, which is directly addressed in the correct choice.

This coverage is crucial for businesses as it helps bridge the financial gap that occurs when operations are halted. It compensates not just for the lost profits but also for the ongoing expenses like payroll and fixed costs that continue even when the business is not operational due to the breakdown. Understanding the nuances of what is covered helps insured parties effectively manage their risks and financial planning during unforeseen disruptions.

The other choices do not accurately capture the essence of what is included in this type of coverage. For instance, losses incurred after an initial waiting period or the cost of temporary repairs before an incident do not fall under business income coverage, and while business income relates to properties owned by the insured, the coverage itself is not strictly limited to that aspect; it focuses more on the income during interruptions.