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 ?
Business Income Coverage Form (Without Extra Expense) CP 00 32
They may purchase the ISO Business Income Coverage Form (And Extra Expense) CP 00 30, which provides business income coverage along with extra expense coverage.
Suppose the insured had been covered by ISO's Business Income Coverage Form (Without Extra Expense) CP 00 32.

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