business interruption insurance

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Business Interruption Insurance

An insurance policy that provides coverage in case some event causes a business to relocate or temporarily close. For example, if an office floods and becomes unusable, business interruption insurance will replace the profits the company would have made during the time it is closed and also will cover its operating expenses. It is also called business income coverage.

business interruption insurance

Insurance that provides benefits if business is interrupted while repairs are conducted after an insurable loss.
References in periodicals archive ?
Loss of earnings insurance coverage for the risk of fire.
Deposits and Guarantees required: Registration in the commercial register or professional register, certificates AVS / AI, loss of earnings insurance, tax and withholding tax, LPP, family allowances, unemployment insurance and accident insurance from a previous validity period of maximum 3 months to the deadline of submission of the offer.
Insurance cover loss of earnings insurance for all staff of the NPC