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Per Diem Business Interruption Coverage

Per Diem Business Interruption Coverage

Definition

A form of business interruption insurance in which the insured is entitled to recover a stipulated amount for each day of fully interrupted operations. Also referred to as "valued business interruption coverage."
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Related Terms

Valued Business Interruption Coverage

Business interruption (BI) coverage that provides for the payment of a stipulated amount for each day of fully interrupted operations, rather than for payment of the amount of loss actually sustained. Also referred to as "per diem business interruption coverage." Valued business interruption coverage is much more common in boiler and machinery (BM) insurance than in commercial property insurance.

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