The main function of the Majority and Minority Whips is to gather votes on major issues. Because they are the second ranking member of the Senate, if there is no floor leader present, the whip may become acting floor leader. Before 1969, the official titles were Majority Whip and Minority Whip. 1 Current floor leaders.
What is Business Income and Extra Expense Coverage? Also referred to as business interruption insurance, business income and extra expense coverage provides your business with financial protection when an insured loss prevents you from commencing business as usual.
What is an 'Expense'. An expense consists of the economic costs a business incurs through its operations to earn revenue. Businesses are allowed to write off tax-deductible expenses on their income tax returns to lower their taxable income and thus their tax liability.