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contingent business income insurance
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contingent business income insurance

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  • flooding caused by Hurricane Katrina
    In insurance: Indirect losses

    …insurance include the following: (1) contingent business income insurance, designed to cover the consequential losses if the plant of a supplier or a major customer is destroyed, resulting in either reduced orders or reduced deliveries that force a shutdown of the insured firm, (2) extra expense insurance, which pays the…

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