Definitions for "Business Interruption Insurance"
Coverage designed to provide protection for a business owner against losses resulting from a temporary shutdown because of fire or other insured peril. The insurance provides reimbursement for lost net profits and necessary continuing expenses. This form of insurance provides loss of income coverage (i.e., disability income) for your business by replacing your operating income during the period when damage to the premises or other property prevents income from being earned.[MORE ON BUSINESS INTERRUPTION INSURANCE
Compensation to a business owner or operator for income lost when the business is closed due to fire or any other insured hazard.
Assurance contre les pertes d'exploitation