Contingent Business Interruption Insurance
Coverage that enhances business interruption insurance to include losses stemming from damage to a key supplier's or customer's property
Detailed Explanation
This protects a business if its operations are disrupted due to something happening to a business they rely on.
Practical Example
A small electronics manufacturer relies on a single supplier for a critical component. They have contingent business interruption insurance that would help cover their lost income if the supplier's factory were damaged by a fire, preventing them from receiving the necessary parts.
Frequently Asked Questions
Related Terms
Need Insurance Coverage?
Request quotes from top insurance providers and find the best coverage for your needs.
Get Free Quotes