Business Interruption Loss definition

Business Interruption Loss means reduction in gross or net earnings resulting from interruption of or interference with the Assured’s business, including loss of production income and loss of throughput revenue.

Business Interruption Loss means the total of:

Business Interruption Loss means the Insured’s loss of gross profit, plus reasonable expenses necessary to maintain the operation, functionality or service of the Insured’s business, as a direct result of a Business Interruption Event, but only:

Examples of Business Interruption Loss in a sentence

• Any Claim(s) or Loss(es) under all applicable sections of this policy, triggering more than one coverage section, will be deemed to be a single policy claim, and only one Retention shall apply, except in respect of a Business Interruption Loss where one Waiting Period shall apply.

• In respect of Insuring Clause 1.2 only, in determining the amount of net profit (or net loss) and expenses covered under this policy for the purpose of ascertaining the amount of Business Interruption Loss (and otherwise); due consideration shall be given to the prior experience of an Insured’s business before the beginning of a Business Interruption Event, and to the probable business an Insured could have performed, had no Business Interruption Event occurred.

• Business Interruption Loss of income and additional cost of working due to damage caused by terrorism.

• Loss will apply after the Waiting Period has elapsed and the Underwriters will then indemnify the Named Insured for all Business Interruption Loss and Dependent Business Loss sustained during the Period of Restoration in excess of the Retention.

• With respect to Data Recovery Costs, Business Interruption Loss and Dependent Business Loss the Named Insured must notify the Underwriters through the contacts for Notice of Claim, Loss or Circumstance in the Declarations as soon as practicable after discovery of the circumstance, incident or event giving rise to such loss.

More Definitions of Business Interruption Loss

Business Interruption Loss means the actual Income Loss, and Dependent Business Loss sustained, and Forensic Expenses and Extra Expense incurred, during the Period of Restoration.Business Interruption Loss shall not include:

Business Interruption Loss means the loss of Earnings, but not exceeding the actual reduction in Earnings, less charges and expenses which do not necessarily continue during the interruption of business, resulting from necessary interruption of business caused directly and solely by an Insured Event.

Business Interruption Loss means in respect of:

Business Interruption Loss means actual loss sustained of net income, before taxes, excluding interest and after depreciation, from the Named Insured’s declared business operations in Canada provided that such loss would not have been incurred had no privacy breach taken place.

Business Interruption Loss means the amount by which the Company's net operating profit (excluding profits out of capital and investment gains and before tax) during the Indemnity Period falls below the projected Company's net operating profit for that period as a direct result of a Business Interruption due to the total or partial unavailability of the Company's Computer System. For the purpose of projecting the net operating profit during the Indemnity Period which would have been earned if the Business Interruption had not occurred, the Company's revenues during the 36 months prior to the unavailability will be taken into consideration as well as all relevant trends and business developments that would have affected the Company's net operating profit without the unavailability of the Company's Computer System, this includes: fixed charges and other operating expenses, but only to the extent that such expenses must continue during the Indemnity Period and to the extent that these expenses are not covered by the Company's revenues as a direct result of the total or partial unavailability of the Company's Computer System. Any losses calculated will be reduced by any related benefits received by the Companythat arise as a consequence of the Business Interruption, including but not limited to:

Business Interruption Loss means the actual “income loss” sustained, and “forensic expenses” and “extra expense” incurred, during the “period of restoration”.

Business Interruption Loss means: 1. reasonable and necessary expenses that are incurred by the Insured during the Period of Restoration to investigate the cause of the Business Interruption Event and to minimize, reduce, or avoid loss due to the Business Interruption Event; 2. net profit or loss before interest and tax that the Insured would have earned or incurred during the Period of Restoration, but for a Business Interruption Event; 3. normal operating expenses that must continue and are necessarily incurred by the Insured (including payroll) during the Period of Restoration; and 4. costs for an external forensic accountant to assist with the Insured's preparation of the Proof of Loss.