Business Interruption Cover definition

Business Interruption Cover means the Required Insurance in respect of the period from the Services Commencement Date for the first Service Level until the earlier of the Termination Date and the Expiry Date as set out in paragraph 2 of Schedule 17 Part 2 (Insurance);
Business Interruption Cover shall bear the meaning ascribed to it in Schedule 12 (Insurance); “Capital Expenditure” any expenditure which falls to be treated as capital expenditure in accordance with generally accepted accounting principles in the United Kingdom from time to time; “CDM Regulationsthe Construction (Design and Management) Regulations 2007;
Business Interruption Cover meanss the insurances specified in Section 6 of Part 2 of this Schedule Part 15;

Examples of Business Interruption Cover in a sentence

  • This Policy does not cover loss of use, loss of earning capacity and any other Consequential Loss.This exclusion does not apply to the Business Interruption Cover Section and the Public and Products Liability Cover Section.

  • Section Two – Business Interruption Cover Options The following cover options are available under this Policy Section: Part “A” – Business Income Protection; or Part “B” – Consequential Loss of Profits; Your cover will be shown in Your Policy Schedule.

  • Section Two – Business Interruption Cover Options The following cover options are available under this Policy Section: Part “A” – Business Income Protection; Part “B” – Consequential Loss of Profits; or Your cover selection will be shown in Your Policy Schedule.

  • The Excess applicable to Business Interruption Cover is shown in your Policy Schedule.

  • Section Two – Business Interruption Cover Options The following cover options are available under this Policy Section: Part “A” – Business Income Protection; Part “B” – Consequential Loss of Profits; or Part “C” – Revenue Protection.

  • The sum insured under Property All Risks and Business Interruption Cover is Baht 3,818 million and Baht 1,200 million (Operating profit + fixed cost) respectively.

  • NEXTWHAT’S THE SALES‌WHAT DO TARGETSELLING PROPERTY PERFORMANCEINDUSTRY-LOSSMULTINATIONALOPPORTUNITY?CUSTOMERS LOOK LIKE?BROAD COMPREHENSIVE COVERAGEOPTIMIZED BI COVER100% SOLUTIONCOVER EXTENSIONSENHANCED FORMSPREVENTION ENGINEERINGOptimized Business Interruption Cover Client choice of cover - to maximize business continuity and optimize recoveryProperty Performance gives clients great flexibility after a Business Interruption loss by allowing them to select the most favorable basis of settlement.

  • It is also important, whether or not Business Interruption Cover is in force, that repairs be effected as expeditiously as possible, to avoid unnecessary disruption in the Insured’s business activities.

  • However, any amount payable under this Policy Product 3 Business Interruption Cover, shall be reduced by any amount We agree to pay under the following Optional Extensions to Section 1 of Policy Product 1: 9.

  • This can be valuable where the LA areas are very distinct in their population characteristics Inclusion of Supporting People dataSupporting People (SP) programmes are important sources of information about housing need and support services.


More Definitions of Business Interruption Cover

Business Interruption Cover shall bear the meaning ascribed to it in Schedule Part 15 (Insurance);
Business Interruption Cover shall bear the meaning ascribed to it in the Required Insurance schedule in the Agreement;

Related to Business Interruption Cover

  • Interruption means a reduction in non-firm transmission service due to economic reasons pursuant to Tariff, Part II, section 14.7.

  • Service Interruption means the cessation of electricity supply to an ICP for a period of 1 minute or longer, other than by reason of De-energisation of that ICP:

  • Unplanned Service Interruption means any Service Interruption where events or circumstances prevent the timely communication of prior warning or notice to the Trader or any affected Customer;

  • Planned Service Interruption means a Service Interruption that has been scheduled to occur in accordance with schedule 5;

  • Interruption of irradiation means the stopping of irradiation with the possibility of continuing irradiation without resetting of operating conditions at the control panel.

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Services Interruption Event means any interruption to a Works caused by; a Force Majeure Event, the Customer’s failure to carry out or perform any obligation required of it under this agreement which in the sole opinion of the Company does or may cause a delay in the Works and any other matter which in the reasonable opinion of the Company will cause an interruption or delay in the performance of the Works;

  • Direct Damage has the meaning given to it in clause 26.2;

  • Consequential Loss means loss of profits, anticipated loss of profit or revenue, loss of production, loss of business opportunity, loss of or damage to goodwill or reputation, loss of use or any other similar loss, but excludes:

  • Damage to Property means physical injury to or destruction of tangible property, including the loss of its use. Tangible property includes the cost of recreating or replacing stocks, bonds, deeds, mortgages, bank deposits and similar instruments, but does not include the value represented by such instruments.

  • Interruption Period shall have the meaning set forth in Section 5 hereof.

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Catastrophic injury or illness means a life-threatening injury or illness of an employee or a member of an employee's immediate family that totally incapacitates the employee from work, as verified by a licensed physician, and forces the employee to exhaust all leave time earned by that employee, resulting in the loss of compensation from the state for the employee. Conditions that are short-term in nature, including, but not limited to, common illnesses such as influenza and the measles, and common injuries, are not catastrophic. Chronic illnesses or injuries, such as cancer or major surgery, that result in intermittent absences from work and that are long-term in nature and require long recuperation periods may be considered catastrophic.

  • Catastrophic Damage as used hereunder is major change or damage to In- cluded Timber on Sale Area, to Sale Area, to access to Sale Area, or a combination thereof:

  • Catastrophic illness or injury means one of the following:

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Substantial bodily injury means "bodily injury which involves (A) a temporary but substantial disfigurement; or (B) a temporary but substantial loss or impairment of the function of any bodily member, organ, or mental faculty." See 18 U.S.C. § 113(b)(1).

  • Electrical Losses means all electrical losses associated with the transmission of Product to the Delivery Point, including if applicable, but not limited to, any transmission or transformation losses between the CAISO revenue meter and the Delivery Point.

  • Accidental Bodily Injury means an Injury sustained as the result of an Accident and independently of all other causes by an outside traumatic event or due to exposure to the elements.

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • Property damage means physical injury to, de- struction of, or loss of use of tangible property.

  • Loss Absorbing Instrument means, at any time, any Additional Tier 1 Capital instrument (other than the Notes) issued directly or indirectly by the Issuer which contains provisions pursuant to which all or part of its principal amount may be written-down (whether on a permanent or temporary basis) or may otherwise absorb losses (in each case in accordance with its terms) on the occurrence, or as a result, of a trigger event set by reference to the Group CET1 Ratio;

  • Accidental Damage means physical damage, breakage or failure of Your Covered Equipment due to an unforeseen and unintentional event occurring either due to handling (e.g., dropping the Covered Equipment or through liquid contact) or due to an external event (e.g., extreme environmental or atmospheric conditions). The damage must affect the functionality of Your Covered Equipment, which includes cracks to the display screen that affect the visibility of the display.

  • The Contractor or Contractors means the firm, company or person engaged by the SBIIMS to carry out the work. It shall also include their legal representative(s), successors or assigns.

  • Individual generation site means the contiguous site at or on which one or more hazardous wastes are generated. An individual generation site, such as a large manufacturing plant, may have one or more sources of hazardous waste but is considered a single or individual generation site if the site or property is contiguous.

  • Contractor Group means Contractor, its parent and subsidiary companies as defined by the term “Affiliate,” and its and their respective Subcontractors and contractors of whatever tier and the officers, directors, employees, agents and representatives of all of the foregoing.