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 ?
Insurance cover loss of earnings insurance for all staff of the NPC
00 EUR); : b) The loss of earnings insurance / fire hazards (sum insured 57 000 000.
By means of this is the following services and insurance will be advertised: property and loss of earnings insurance.