Dictionary of Business Terms: profits and commissions form
profits and commissions form
insurance coverage protecting future profits to be earned from a manufacturer's inventory. A manufacturer may lose all or part of an inventory due to a peril such as fire and still be able to operate. But in the event that an inventory and other merchandise is destroyed by an insured peril, the insured is indemnified for the loss of profit or commissions.
Dictionary of Insurance Terms: profits and commissions form
profits and commissions form
coverage protecting future profits to be earned from a manufacturer's inventory. A manufacturer may lose all or part of an inventory of finished goods due to a peril such as fire and still be able to operate. But in the event that an inventory and other merchandise is destroyed by an insured peril, the insured is indemnified for the loss profit or commissions.
