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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David Smith, insurance and risk-management consultant for Farella Braun + Mattel LLP, said many business-interruption policies have ingress/egress coverage that applies when damage elsewhere prevents customers from getting to the business and spending money.
RMS did not issue an insured-loss estimate, but reports say power outages in some areas are expected to last days, which would affect business-interruption policies.
Trade disruption and special business-interruption policies, for instance, may respond to certain losses arising from a pandemic flu.

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