Contingent Business Interruption Sample Clauses
The Contingent Business Interruption clause provides coverage for a business’s loss of income resulting from disruptions to its operations caused by damage to the property of suppliers, customers, or other third parties, rather than to the insured’s own property. For example, if a key supplier’s factory is damaged by fire and cannot deliver essential materials, the insured business may be compensated for the resulting loss of income. This clause is essential for protecting businesses from indirect losses that arise due to their reliance on external partners, ensuring financial stability when their operations are affected by events beyond their direct control.
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Contingent Business Interruption. Subject to the limit stated on the Declaration Pages Insurers shall be liable for loss resulting directly from necessary interruption of business caused by damage or destruction by the peril(s) Insured against during the term of this Policy, to any of the real or personal property of the Insured's direct customers, vendors or suppliers which results in their inability to supply or accept goods and/ or materials, supplies, services, or the like, which wholly or partially prevents delivery of materials to the Insured or to others for the account of the Insured.
Contingent Business Interruption. This Agreement covers the Actual Loss Sustained and Extra Expense incurred by the Named Member during the Period of Liability:
1) Directly resulting from physical loss or damage of the type covered; and
2) To property of the type covered, at direct supplier or customer locations located within the Territory of this Agreement. The term “supplier or customer” does not include any company supplying to or receiving from the Covered Property, as described elsewhere in this Agreement, electricity, fuel, gas, water, steam, refrigeration, sewage or telecommunications.
Contingent Business Interruption a. We will pay for the actual loss of Business Income you sustain and Extra Expense you incur during the Period of Restoration resulting from direct physical loss or damage to property caused by or resulting from a Covered Cause of Loss at Direct Contingent Properties or Indirect Contingent Properties located in the Coverage Territory indicated in the Declarations.
b. The following Coverage Extensions apply to such covered loss at a Direct Contingent Property or Indirect Contingent Property:
(1) Ingress or Egress;
(2) Civil or Military Authority; or
Contingent Business Interruption. This extension provides coverage for “your” gross profit loss as a direct result of physical loss or damage at a “contributing property” or “recipient property” during the policy period, caused by an insured peril under this policy. The most we will pay under this extension of coverage is $25,000.
Contingent Business Interruption. Should Operator’s access to or use of the Premises or the larger Consolidated Rental Car Facility of which the Premises are a part be materially impaired for a period exceeding seven (7) days under circumstances not otherwise triggering Section 20.1 nor
Contingent Business Interruption. The Insurer shall reimburse an Insured for Business Interruption Costs incurred during the Period of Restoration due to a Third Party System Disruption commencing during the Policy Period and reported to the Insurer in accordance with the terms of this Policy.
Contingent Business Interruption. Contributing Property(ies):
Contingent Business Interruption. All onshore and offshore gas and oil drilling rigs.