Business interruption insurance
As a business owner, you may have heard of the term "business interruption insurance". This type of coverage provides reimbursement for lost profits and fixed expenses during the time your business is closed for restoration due to physical damage from a covered peril, such as a fire. Additionally, this insurance may also cover financial losses if civil authorities restrict access to your business premises after a disaster, preventing customers from reaching you. Keep in mind, the coverage may have a waiting period and can last for several weeks or longer, depending on your policy.
Related terms
Understand the meaning and definition of Straight life annuity in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Renters insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Uninsurable risk in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Disability income insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Inland marine insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Unearned premium in the context of stock market, trading, and investments.
MORE
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
