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

• Coverage for Business Interruption Loss will apply only after the Waiting Period has elapsed.

• Business Interruption Loss, the "insured" shall forward immediately to us, written notice of the interruption or suspension of "computer systems" to which this Coverage Form applies in the form of a facsimile, email, through our web or mobile app portals or express mail.

• 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.

• The Retention shall be satisfied by covered Business Interruption Loss retained by the Insured Organization.

• 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.

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 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 Income Loss, Forensic Expenses, and Extra Expense that were sustained during the Period of Restoration due to the actual interruption of the Fund Member’s business operations caused by a Security Breach or System Failure. Coverage for Business Interruption Loss will apply only after the Waiting Period has elapsed. Business Interruption Loss, however, will not include loss arising out of liability to any third party, legal costs or legal expenses, a loss incurred as a result of unfavorable business conditions, loss of market or any other consequential loss, Dependent Business Loss, or Data Recovery Costs.

Business Interruption Loss means the sum of Business Income Loss and Extra Expense directly resulting from a Computer System Disruption. The Business Interruption Loss will be calculated based on the actual Business Interruption Loss the Insured Organization sustains per hour during the Business Interruption Period of Restoration. Business Interruption Loss does not include:

Business Interruption Loss means the below listed costs incurred during the Period of Recovery:

Business Interruption Loss means in respect of: