Business Interruption
/ˈbɪznəs ˌɪntəˈrʌpʃən/
Definitions
- (n.) A legal and insurance term referring to the cessation or slowdown of a business's operations due to an insured peril, often entitling the business to compensation under a policy.
The company filed a claim for business interruption losses caused by the factory fire.
Forms
- business interruption
Related terms
See also
Commentary
Typically arises in insurance contracts; precise coverage depends on policy language and causation of interruption.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.