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Business Interruption

   Also found in: Dictionary/thesaurus, Acronyms 0.01 sec.
Business Interruption
An event that causes a business to relocate or temporarily close. For example, an office may flood and becomes unusable, or a natural disaster may make commerce unfeasible in an entire area. A company may purchase business interruption insurance to guard against losses resulting from this.


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9780470400142 Measuring business interruption losses and other commercial damages, 2d ed.
In the case of most insurance policies, consequential loss is not frequently covered in the policy, so for many businesses, the only way to be covered for it is to have Business Interruption Insurance.
The 2009 Global Risk Management Survey found companies view the current economic slowdown, regulatory and legislative changes and business interruption as their top risks.
 
 
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