TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

LOSS PROFITS INSURANCE [1 record]

Record 1 2000-12-11

English

Subject field(s)
  • Insurance
  • Foreign Trade
DEF

A form of insurance providing indemnity for continuing expenses and loss of earnings resulting from a temporary reduction in, or temporary cessation of, business activity caused by fire or other insured peril.

OBS

use and occupancy insurance: A term that was used to refer to the covers now known as Business Interruption Insurance. In this sense, it is obsolete.

Key term(s)
  • business interruption assurance
  • use and occupancy assurance
  • loss of profits assurance

French

Domaine(s)
  • Assurances
  • Commerce extérieur
DEF

Assurance dont l'objet est de pallier, au moins partiellement, les conséquences financières (charges fixes, perte de bénéfices) résultant d'une réduction ou d'une interruption temporaire de l'activité de l'entreprise, provoquées par un incendie ou autre sinistre contre le risque duquel on est assuré.

Spanish

Campo(s) temático(s)
  • Seguros
  • Comercio exterior
DEF

Aquel que garantiza al asegurado la entrega de una indemnización a consecuencia de los beneficios que deje de obtener con motivo de la paralización de su empresa o explotación causada por un motivo previsto en la póliza.

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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