business indemnity insurance
- See business interruption insurance.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
Indemnity Insurance — An insurance policy that aims to protect business owners and employees when they are found to be at fault for a specific event such as misjudgment. Typical examples of indemnity insurance include professional insurance policies such as… … Investment dictionary
indemnity insurance — risk protection for actions for which a business is liable. Insurance that a business carries to cover the possibility of loss from lawsuits in the event the business or its agents were found at fault when an action occurred. Glossary of Business … Financial and business terms
Prize indemnity insurance — is indemnification insurance for a promotion in which the participants are offered the chance to win prizes. Instead of keeping cash reserves to cover large prizes, the promoter pays a premium to an insurance company, which then reimburses the… … Wikipedia
Professional indemnity insurance — provides cover for claims brought against the policyholder due to their professional negligence.There are three types of Professional Indemnity wordings: Negligent act, error or omission This indemnifies the policyholder against… … Wikipedia
professional indemnity insurance — Insurance that gives protection against legal liability for damage or compensation arising out of any neglect, error or omission committed or alleged to have been committed by or on behalf of the insured in connection with the business. Practical … Law dictionary
Protection and indemnity insurance — Protection and indemnity insurance, commonly known as P I, is a form of marine insurance provided by a P I Club. A P I Club is a mutual (i.e. co operative) insurance association that provides cover for its members, who will typically be ship… … Wikipedia
indemnity — in·dem·ni·ty /in dem nə tē/ n pl ties 1 a: security against hurt, loss, or damage b: exemption from incurred penalties or liabilities 2 a: indemnification (1) b: something (as a payme … Law dictionary
Insurance in the United States — refers to the market for risk in the United States of America. Some main features of insurance could be said to be, *the benefit provided by a particular kind of indemnity contract, called an insurance policy; *that is issued by one of several… … Wikipedia
insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or … Law dictionary
Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… … Wikipedia