business interruption insurance

(redirected from Business-Interruption Policy)
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  • noun

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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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As each business-interruption policy's language can be slightly different from that above and one another, it behooves both sides to study the words in their specific contracts before drawing liability conclusions and drawing lines in the sand.
Wayne Tisdale, an executive vice president at Stewart Sneed, said the original plan was to find a business-interruption policy separate from the city's property coverage.
underwriters that issued Biloxi's first-ever business-interruption policy, covering 50%, or six months, of total annual tax revenues.
Digitas carries workers' compensation insurance and a business-interruption policy, as well.
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