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business interruption insurance

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
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Noun1.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
insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company


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In the case of most insurance policies, consequential loss is not frequently covered in the policy, so for many businesses, the only way to be covered for it is to have Business Interruption Insurance.
Ray Dillon, president and chief executive officer, said the fourth-quarter improvement was due primarily to the settlement of property and business interruption insurance claims resulting from a fire at the company's Waldo mill during the third quarter of 2007.
96 million including $868,000 in business interruption insurance proceeds.
 
 
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