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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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Jim O'Malia, a senior account executive at EHD Insurance in Spring Township, Berks County, "highly advises everyone to get business interruption insurance no matter what the industry."
Listen as a panel of distinguished professionals and thought leaders organized by The Knowledge Group provide the audience with an in-depth discussion of Business Interruption insurance claims.
The increase in earnings from continuing operations was primarily due to contributions from higher sales, improved margins and lower SG&A, as well as receipt of a USD 5.2m business interruption insurance payment.
Also known as business income insurance, business interruption insurance compensates policyholders for lost income if their company has to vacate its premises due to disaster-related damage that is covered under a property insurance policy, such as natural catastrophes, supply chain disruptions or cyber risks.
As recent natural and man-made disasters have made clear, CPAs are frequently required to prepare a business interruption insurance claim for their clients.
PCB PIEZOTRONICS, an expert in vibration, acoustic, pressure, force and torque sensors has announced The Modal Shop's (TMS) new 9110D Portable Vibration Calibrator offering laboratory grade accuracy and documentation in the form of a field tester, reported to allow industrial plants to reduce perceived risk when under review for business interruption insurance.
In the present case, the plaintiff, a modeling business owner, obtained property coverage and business interruption insurance beginning in 2004.
One way to protect your cash flow and company's bottom line is to get business interruption insurance (also called business income insurance).
Many firms and managers may have business interruption insurance. This pays when an insured peril such as a fire or windstorm physically damages your property to the point where you cannot conduct business or do so normally.
A CHANGING CLIMATE MEANS WEATHER-RELATED BUSINESS INTERRUPTIONS WILL STEADILY INCREASE, MAKING BUSINESS INTERRUPTION INSURANCE ESSENTIAL FOR EVEN THE SMALLEST BUSINESSES.
Plumeri said business interruption insurance has become almost essential as more companies spread their operations across multiple countries.
Landowners should also consider business interruption insurance, or business income insurance, which provides alternative livestock housing or commodity storage in the event of building loss.

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