Amount of business interruption Insurance necessary in order to provide for paying in full or any reasonable foreseeable business interruption loss.

Temporary shutdown of an organization because of damage to another organization which is a major supplier or customer. For instance, if an organization sells all of its products to one customer, and that customer suffers a Fire which prevents it from using these products, then the supplier has suffered a contingent business interruption loss.

Refers to one of the primary defenses to a claim against directors and officers for breach of fiduciary duty. The defense generally bars judicial inquiry into conduct of disinterested directors and officers who act on an informed basis, in good faith and in the honest belief that the action taken was in the best interest of the company. In essence, this defense provides that courts should not examine the quality of the directors’ business decisions, but only the procedures followed in reaching that decision.

The term used to describe the liability coverage provided to the Businessmen. It includes liability for bodily injury, property damage, personal injury, advertising injury and fire damage.

Coverage provided to a business owner against property damage, personal injury, fire damage, and bodily injury.

Insurance that assists in funding the day-to-day operation of a business in the event a key person is lost.

This term represents the percentage of a company’s gross writings that are retained for its own account. Gross writings are the sum of direct writings and assumed writings. This measure excluded affiliated writings.