Insurance coverage for loss in the gross earnings of the business (minus expenses that cease while the business is inoperative) as a result of the interruption of normal business activities caused by damage to the premises by an insured peril.
Leasehold insurance provides coverage for a tenant (lessee) with a favorable lease. If the lease is canceled by the lessor due to an insured peril, the lessee is indemnified for the loss incurred from losing the advantageous lease.
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