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 ?
In some cases, lease agreements require lessees to continue paying rent even if the premises become unusable, making business interruption insurance a near necessity to ensure adequate funds.
Those statistics should prompt a business owner to review insurance coverage and realize that business interruption insurance is akin to survival insurance.
Some insurance companies may apply the ordinary payroll limitation or exclusion to their business interruption insurance coverage.
Naming a lender as loss payee for business interruption insurance is a horse of a different color.
Mealey's Business Interruption Insurance is designed to deliver the latest, most essential business interruption insurance news in the familiar Mealey format-unbiased legal reporting and actual court documents reproduced in the publication or made available through Mealey's web document delivery service, www.
The company said the report will deliver the latest business interruption insurance news with both original stories and court documents.
You can save money on business interruption insurance if you already have a place to operate after a disaster.
It means a lot of things that casualty insurance and business interruption insurance just don't cover.
However, Fitch does not expect significant rating actions as most commercial properties maintain property/casualty insurance, windstorm insurance, and 12 to 24 months of business interruption insurance, along with some properties that have certain amounts of flood insurance coverage.
Insurance of movable and immovable property of waste recovery center, business interruption insurance and quarry machine and elektroniky.
Business interruption insurance has become an essential risk transfer tool.
Voss alleged a special relationship with CHI, which had negligently secured inadequate levels of business interruption insurance for all three losses.

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