business interruption insurance

(redirected from Business Income Coverage)
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  • noun

Words related to business interruption insurance

insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril

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References in periodicals archive ?
Indirect loss is also known as time element protection, business interruption and business income coverage.
Extended Business Income Coverage Period - 180 days (double the industry standard)
Business income coverage insures net income that would have been earned.
Contingent business income coverage generally requires direct physical loss to scheduled "dependent property," usually the suppliers' or customers' premises.
First, business income coverage is a key need for any business, and one of the major bonuses of the BOP.
The ruling permits ABM to argue that it has Business Income coverage for losses totaling more than $100 million.
Includes discussion of ISO business income coverage form and ISO provisions and endorsements on mold, electronic data, war, and terrorism
An insurance company defending against a property or business income coverage claim may need to subpoena documents from third parties who have business relationships with the insured.
Insurers introduced simplified commercial lines forms about 15 years ago, and business income coverage has been giving risk managers headaches ever since.
Highlights of the Retail Furniture Store Insurance Program include property coverage with optional deductible levels and Business Income coverage valued at Actual Loss Sustained.
The end of the year is a good time to review your clients' business insurance policies, especially their business income coverage.
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