InsuranceImmediate annuity Misstatement-of-sex clause Opportunity cost Reserves Key person insurance Premium Flexibility
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
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