Business Interruption Insurance
Definition: Business Interruption Insurance is a form of business insurance to protect companies against the loss of income after events (disasters) that temporarily interrupt business operations.
The coverage of this type of insurance covers the profits that would have been earned should the event not have taken place, while a regular commercial property insurance only covers the physical replacement damage to the business.
BII helps companies to avoid bankruptcy caused by unpredictable loss of profits.
More on insurance: Business Insurance, Business Liability Insurance, Commercial Car Insurance, Commercial Insurance, Commercial Property Insurance, more...
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