The-definition.com

Definition

Business interruption insurance

Business interruption insurance is the type of insurance that protects firms from financial losses resulting from the suspension of business operations.


Business interruption insurance coverage that can be added to a basic fire insurance policy: it covers consequential losses, those that result from firm or other perils covered in the fire policy.

 

Share it:  Cite

More from this Section

  • On-demand computing
    On-demand computing is the firms essentially rent the software time from application providers ...
  • Asset intensity
    Asset intensity is the amount of assets needed to generatea given level of sales. ...
  • Product placement
    Product placement is the form of promotion in which marketers pay fees to have their products ...
  • Medicare
    Medicare is a health insurance program administered by the Social Security Administration ...
  • Copyright
    A copyright is a form of intellectual property protection that grants to the owner of ...