business interruption insurance


business interruption insurance
Insurance protecting against loss from the interruption of business as a whole, as distinguished from coverage upon the merchandise or other property owned, held, or used in the business. 29A Am J Rev ed Ins § 1366.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • business interruption insurance — ➔ insurance …   Financial and business terms

  • Business Interruption Insurance — A form of insurance coverage that replaces business income lost as a result of an event that interrupts the operations of the business, such as fire or a natural disaster. Business interruption insurance is not sold as a separate policy, but is… …   Investment dictionary

  • business interruption insurance — noun 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 • Hypernyms: ↑insurance * * * noun : insurance against loss of net… …   Useful english dictionary

  • business indemnity insurance — See business interruption insurance …   Ballentine's law dictionary

  • business interruption — UK US noun [C or U] ► INSURANCE a period when a business cannot operate because of a storm, flood, or other event: »The company shall not be liable for any damages for loss of profits, business interruption, or other pecuniary loss arising out of …   Financial and business terms

  • business interruption policy — ➔ insurance policy …   Financial and business terms

  • business-interruption policy — consequential loss policy; loss of profits policy An insurance policy that pays claims for financial losses occurring if a business has to stop or reduce its activities as a result of a fire or any other insurable risk. Claims can be made for… …   Big dictionary of business and management

  • Business Owner Policy - BOP — Insurance policies that combine protection from all major property and liability risks in one package. A Business Owner Policy or BOP is an insurance package that assembles the basic coverages required by a business owner in one bundle. It is… …   Investment dictionary

  • interruption — I noun abeyance, armistice, arrest, bar, block, break, cessation, check, clog, deadlock, delay, disconnection, discontinuance, disjunction, dissolution, disunion, gap, halt, hiatus, hindrance, impediment, intercapedo, interception, interference,… …   Law dictionary

  • business — I (affair) noun activity, concern, duty, interest, matter, mission, proceeding, proposition, responsibility, task, undertaking foreign phrases: Allena negotia exacto officio geruntur. The business of another is to be carried out with particular… …   Law dictionary


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