Business Interruption insurance for a business owner against losses resulting from stoppage of business because of fire or other insured peril. The insurance provides reimbursement for lost net profits which would been earned during the period of interruption and necessary standing expenses such as salaries, taxes, rents and other necessary continuing expenses during this shutdown within the limits of the Policy.
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MEDICAL,USA: Insurance policy that covers a business owner from losses during a time when the business is not operating due to fire or other peril. The insurance provides reimbursement for salaries, taxes, rent, necessary continuing expenses, and net profits that the business would have earned during the interrupted period.
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US: Protection for a business owner against losses resulting from a temporary shutdown because of fire or other insured peril. The insurance provides reimbursement for lost net profits and necessary continuing expenses.