Definition of business interruption insurance

indemnification for the loss of profits and continuing fixed expenses when some disaster, such as a fire, prevents business from being carried on.

indemnification for the loss of profits and the continuing fixed expenses. Business interruption insurance is available in these forms: contingent business interruption form, extra expense form, gross earnings form, profits and commissions form, and tuition form. This form has been replaced on a general basis by the business income coverage form.