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What Is Business Interruption Insurance

What Is Business Interruption Insurance

Business Interruption insurance Definition And Meaning

What Is Consequential Loss Insurance

Consequential Loss Insurance Definition And Meaning

Business Interruption Insurance is also known as Consequential Loss Insurance. Following property damage, due to break down of the machinery/electronic equipment or explosion of a boiler covered under the respective material damage policies, there may be an interruption in the operations and leading to loss of gross profits during such interruption periods. Such loss of gross profit is covered under business interruption policies:

Insurance
[Post Image Courtesy of Sira Anamwong at FreeDigitalPhotos.net]

This insurance covers additional cost of working also, to resume production.

Insurance Law And Practice - ICSI

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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