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. Anderson, W.S.. 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 interruption insurance — Fin a policy indemnifying an organization for loss of profits and continuing fixed expenses when some insurable disaster, for example, a fire, causes the organization to stop or reduce its activities. Also known as consequential loss policy … The ultimate business 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