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.

• Consumer Redress Fund shall not include any amounts paid which constitute taxes, fines, penalties, injunctive relief, or sanctions.Contingent Business Interruption Loss means:1.

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

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. 1. contractual penalties of any nature; 2. costs or expenses incurred to update, restore, replace, or otherwise improve a Computer System to a level of functionality beyond that which existed prior to the loss event; 3. costs or expenses incurred to identify or remediate computer system errors or vulnerabilities; 4. any other consequential loss or damage; 5. legal cost or legal expense of any nature; 6. loss arising out of liability to any person or entity that is not an Insured; or 7. bank interest or investment income.

Business Interruption Loss means the Reduction in Net Profit which occurs during the Period of Indemnity solely and directly as a result of a Business Interruption Incident, less any savings realized by the use of damaged or undamaged Data, available stock, merchandise, substitute facilities, equipment or personnel.Business Interruption Loss shall not include;

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.