business interruption insurance

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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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Another component of business interruption insurance is extra expense coverage.
Even those micro enterprises that carry business interruption insurance may be underinsured, despite the fact that this type of coverage can make the difference between solvency and bankruptcy in the event of a disaster.
Policies usually have a 48- to 72-hour waiting period before business interruption insurance kicks in.
Ask an experienced insurance broker about deductibles in business interruption insurance.
Naming a lender as loss payee for business interruption insurance is a horse of a different color.
Mealey's latest offering provides companies and litigators with an essential tool to cover business interruption insurance litigation," marketing manager Lex Daniele told NL/NL, "an area that will pose a great challenge for insurance policyholders and insurance coverage litigators in the aftermath of September 11.
The company said the report will deliver the latest business interruption insurance news with both original stories and court documents.
Business or income-producing property (business versus nonbusiness real property, business interruption insurance, proof of loss and tax planning).
Conversely, contingent business interruption insurance is purchased under specialized forms that address the exposures of contributing or recipient locations.
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.
Marsh, a global leader in insurance broking and risk management, and Munich Re, the A+ rated global (re)insurer, announced today the availability of a new non-damage business interruption insurance (NDBI) solution that combines risk transfer and consulting services to assist life sciences companies in managing the impact of regulatory actions imposed by the US Food and Drug Administration (FDA).
Business interruption insurance was originally established for the manufacturing sector but has evolved into an essential risk transfer tool for all industries.
Commenting on the Report, Allianz Managing Director, Terry Towell, has urged small business to consider the risks of not taking out important business insurance covers such as machinery and computer breakdown, and business interruption insurance.
In commercial terms, it's business interruption insurance on agricultural production.
The warehouse does not satisfy the definition of a contributing location, so contingent business interruption insurance would not cover a loss that occurs there.
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