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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Either way, business in come or gross earnings insurance will cover the customer's loss because the contract makes paying for products you can't use a necessarily continuing expense.
Rather than exhorting people to find balance in their lives, he says we need to move toward a "balanced society." To cushion people against the volatile job market, he proposes earnings insurance and guaranteed jobs.
In addition, unemployment insurance (a legacy of the industrial era, when long-term employment was the norm) could be replaced with earnings insurance, to smooth out abrupt drops in earned income.
One might think that the number of wage earners belonging to a family measures another type of earnings insurance and thus should be modeled as endogenous to the saving decision (as the other potential insurance alternatives will be).