What Does Contingent Business Income Insurance Mean?

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What does Contingent Business Income Insurance mean? Read on to discover the definition & meaning of the term Contingent Business Income Insurance - to help you better understand the language used in insurance policies.

Contingent Business Income Insurance

Contingent Business Income Insurance

Contingent business income insurance is a type of business insurance that is designed for businesses who rely on third parties for major parts of their operation. Contingent business income insurance covers losses incurred as the result of an interruption to the third party that the business relies upon. This type of insurance can prevent businesses from suffering major losses when something goes wrong at one of their suppliers

We hope the you have a better understanding of the meaning of Contingent Business Income Insurance.

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