Insurance coverage for disaster related expenses that may be incurred until operations are fully recovered after a disaster.
Protects against the loss of prospective earnings because of the interruption or suspension of business caused by an insured peril.
Coverage of lost income and certain other expenses while the business is being rebuilt.
Coverage that can be added to a basic fire insurance policy; it covers consequential losses, those that result from fire or other perils covered in the fire policy.
This is a very important but often overlooked form of cover and is also known as 'Consequential Loss' or 'Loss of Profits' insurance. There are several types of Business Interruption cover. Generally, they are all intended to maintain the income or profit from your business at its expected level despite the impact of a fire or some other unexpected catastrophe insured against, such as explosion.
A form of insurance that reimburses a business owner for lost profits and certain other losses.
Protects against the loss of prospective earnings because of the interruption or suspension of business caused by fire or other hazards.
pays for the cost of repairing or rebuilding business as well as income lost while business is out of commission.
Indemnification for the loss of profits and the continuing fixed expenses.
insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commerical activities due to the occurrence of a peril
Insurance coverage designed to protect the insured against loss of earnings resulting from the interruption of business caused by an insured peril, subject to the policy provisions.
A time element coverage which pays for loss of earnings when business operations are curtailed or suspended due to property loss as a result of an insured cause of loss. This coverage is now obsolete and has been replaced by a more comprehensive and generic business income insurance.
A policy that pays a stipulated amount when the business cannot operate because of some insured peril. For example, a policy will pay a certain percentage of the business's earnings lost because of a fire.
Also known as Business Income Insurance and can include Extra Expense Coverage. A form of Property Insurance that indemnifies the policyholder for loss of business income, or the above normal additional expenses to continue operations, resulting from damage to covered property.
Coverage that reimburses a business owner for lost profits and continuing fixed expenses during that time that his or her business must stay closed as a result of a named peril.
A type of policy that pays for loss of earnings when operations are curtailed or suspended because of a covered property loss.
An insurance that pays for expenses and - in some cases - lost revenues due to a disaster
Coverage for the loss of income a business suffers following covered damage to insured property. Now referred to as loss-of-income insurance.
A time element coverage that pays for loss of earnings when operations are curtailed or suspended because of property loss due to an insured peril. Now referred to as business income insurance. See Business Income Coverage Form.
Same as Interruption insurance.
See Business income insurance.
the class of insurance which provides cover for consequential loss arising directly from another loss (e.g. loss of profits following fire damage).
Commercial coverage that reimburses a business owner for lost profits and continuing fixed expenses during the time that a business must stay closed while the premises are being restored because of physical damage from a covered peril, such as a fire. Business interruption insurance also may cover financial losses that may occur if civil authorities limit access to an area after a disaster and their actions prevent customers from reaching the business premises. Depending on the policy, civil authorities coverage may start after a waiting period and last for two or more weeks.
a form of coverage that reimburses the insured for loss of earnings during an interruption of business operations caused by a covered PERIL. It functions the way disability insurance does for an individual and enables a business to pay its ongoing bills while its operations are suspended due to property damage at the described premises. (See BUSINESS INCOME and TIME ELEMENT COVERAGES)
A cover for losses incurred from a disruption of business activities caused by an unforeseen event.
Various types of insurance against business expenses and loss of income resulting from a fire or other insured peril.
An insurance policy that provides funds to meet continuing expenses and replace a portion of the lost income following a property loss. It is designed to assist the organization in meeting its obligations while the property is being repaired.
