Business Interruption Insurance


Definition of "Business interruption insurance"

Indemnification for the loss of profits and the continuing fixed expenses. Business interruption insurance is available in these forms: contingent business interruption FORM, EXTRA EXPENSE FORM, GROSS EARNINGS FORM, PROFITS AND commissions form, and tuition form. This form has been replaced on a general basis by the business income coverage form.

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Simplified Earnings Form

Addition to a business property insurance policy to cover loss of earnings, subject to a monthly limit, in the event that property of an insured is de ...

Time Element (time Policy) Coverage

Insurance that covers an indirect loss stemming from a direct loss by a covered peril to income-producing property. A building destroyed by fire repre ...

Per Diem Business Interruption Policy

Type of business interruption insurance policy that provides a specific daily dollar amount benefit to the business owner for each day the business is ...

Contribution Clause

Clause, generally found in business interruption insurance, that establishes the same indemnification basis as the coinsurance clause. ...

Rain Insurance

Business interruption insurance in which the insured is indemnified for loss of earnings and payment of expenses resulting from adverse weather condit ...

Business Income Coverage Form

Type of commercial property policy that provides coverage for a business' indirect losses resulting from damages to the property of the business. Cove ...

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