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Business interruption insurance?

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Coverage for a loss of business income and liabilities specified in an insuring document. The loss is the result of a covered peril. Commom losses are usually incurred due to Fire or other covered Physical Damage which makes the business inoperable for a given time until repairs are made.

First answer by Insurance Plus. Last edit by Insurance Plus. Contributor trust: 615 [recommend contributor ]. Question popularity: 16 [recommend question].

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Relevant answers:

What protection can you get for business interruption insurance?
for this type of cover there is "product recall insurance" policy... which comes under LIABILITY Insurance
Why need Business Interruption Insurance?
Business interruption insurance is to a business what disability insurance is to an individual. During the time that your business is suspended, due to an insured event, the insurance is intended to...
How do you rate a Business Interruption Insurance Proposal?
Business Interruption Insurance replaces lost income after a loss. It is best to apply an amount of coverage that is equal to your actual income. The period of time your income can be replaced may be...
Can business interruption insurance be purchased by itself?
"Business interruption insurance can be purchased by itself, but for optimal coverage, it is usually used to supplement Property insurance or other types of coverage."
Calculate business interruption insurance?
The theory of calculating business interruption losses is relatively easy, but the application is very difficult and subjective. Theoretically the insured, based on the most common policy wordings,...