Examlex
What is the meaning of the expression?
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Umbrella Insurance
A type of extra liability insurance that provides additional coverage beyond the limits of the insured's homeowners, auto, or watercraft insurance policies.
Business Interruption Insurance
A form of insurance that compensates the insured for continuing expenses incurred while the business is not earning income.
Revenue Losses
These are decreases in income, typically experienced by businesses or governments, resulting from factors like reduced sales, changes in market conditions, or operational challenges.
Fire
A rapid oxidation process, which is a chemical reaction resulting in the emission of heat and light.
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