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Business Interruption Insurance

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Business interruption insurance (also known as business income protection, profit protection, or outof-business coverage) is a type of policy that provides a company with funds to make up the difference between its normal income and its income during a forced shutdown. Businesses can be forced to cease or limit operations due to an accident or injury that causes the disability of an owner or key employee, a legal liability claim, or a property loss—which might result from a fire, natural disaster, theft, or vandalism.

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Copyright © 2011 Advameg, Inc.