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.

Search Real Estate Glossary

Related Real Estate Glossary terms

Guaranteed Investment Contract (gic)

Institutional investment sold by life insurance companies that guarantees principal and offers withd ...

Sunspace

Room in a building used to collect solar heat. To provide for such collection, a room is generally ...

Commission Split

The method for splitting a commission between a registered real estate sales person and the sponsori ...

Excess Interest Whole Life Insurance

Type of insurance under which it is assumed that the interest earned will exceed the interest rate g ...

Standby Commitment

Commitment by a lender to a borrower for a given amount of money at specified terms for the financin ...

Capital Gains

Excess of the sales price of an asset over its book value. Listed as part of the Annual Report in th ...

Related Real Estate FAQ

What Is Disability Insurance?

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

What Is A Convertible ARM?

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Gue ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

5 signs of house foundation problems 5 U.S. Cities with the Best Public Transportation How To Get A Loan with Bad Credit Should you Buy a Home with Cash? Foreclosure - The Pros and Cons of Buying

FAQ

What is a sales contract? What is a foreclosure? What is earnest money? What is a REALTOR®? What is a balloon mortgage?