business interruption insurance

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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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Additionally, a 2015 Nationwide survey found that 66 percent of small businesses, generally identified as those with 50 or fewer employees, lack business interruption coverage.
As insurers agree to renew their policyholders' property and business interruption coverage programs without explicitly addressing cyber-related losses, they cannot reasonably claim to be unaware of the risk they are taking on at the time of underwriting.
We routinely advise, evaluate, negotiate and, if necessary, litigate insurance coverage disputes involving a wide range of claims and policies, including property insurance, business interruption coverage, third-party liability insurance for environmental, products, asbestos and other claims, as well as claims under Directors & Officers liability policies, claims under professional liability or Errors & Omissions insurance, employment practices liability claims, multimedia errors and omissions claims, cyber liability claims, and claims under fidelity bonds.
See, what he didn't understand was that our policy included business interruption coverage, which covered these often overlooked expenses.
Business Interruption coverage can be extended to include Denial of Access and Civil & Military authority coverage, which occurs when access and/or use of a facilities is either impaired or prohibited for a period of time following an Active Assailant event.
Since business interruption coverage is triggered following direct damage by a covered peril, it is critical to confirm that your policy addresses all exposures, including cyber and terrorism.
Dependent properties" is the new name for what the industry has long referred to as contingent business interruption coverage.
The commercial auto coverage is a suite of commercial property and casualty products specifically designed for small business owners and offers property, liability and business interruption coverage.
Examine your crime and fidelity policies, and contingent business interruption coverage.
But no more, as ISO offers a fully baked business income solution: the CA 99 05 02 14, Business Interruption Coverage.
Business interruption coverage played a critical role in the survival of many businesses that were unable to open due to power outages, resulting in loss of revenue and loss of property.
Contingent business interruption coverage reimburses you, not when you sustain direct physical loss to your property, but rather when a direct physical hit wallops a customer or suppliers property and thereby interrupts your business.

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