Business Interruption

A policy that protects against loss of earning and pays certain continuing expenses, for an insured who has suffered a loss form the peril insured, e.g. a factory may be shut down for several months as the result of a fire. Business interruption insurance as applicable to the risk would pay for the loss of profits during that period (and sometimes the depletion of profits for a period after resumption of operation) and pay the cost of keeping certain key personnel. Also known as "Use and Occupancy" insurance, although the coverage is slightly different.