InsuranceRisk management process Employee stock ownership plans (ESOPS) Surplus Collateral Commercial lines Attained Age
Extra expense insurance
In financial terms, consequential property insurance refers to a type of coverage that protects businesses from the financial consequences of an interruption. This means that if a business is unable to operate in its usual location, the policy will cover the additional expenses incurred from running the business in an alternative facility. Essentially, this insurance provides a safety net for businesses to continue operating even in unforeseen circumstances. By understanding the intricacies of this insurance, businesses can better prepare for potential disruptions and mitigate their impact.
Related terms
Understand the meaning and definition of Risk management process in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Employee stock ownership plans (ESOPS) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Surplus in the context of stock market, trading, and investments.
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