MLchartDataset catalogue

Commissions of selling agents coverage

Term · Insurance and risk management · MLC-T-INS-000841

Insurance that reimburses a sales representative for commission income lost when the manufacturer it represents cannot fill orders because a covered peril has damaged or destroyed the manufacturer's plant. The loss is measured like a business income loss, as the commissions that would have been earned less any expenses that stop while sales are interrupted. The insured is the selling agent, not the manufacturer.

Table 1. Record
IdentifierMLC-T-INS-000841
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000841",
  "term": "Commissions of selling agents coverage",
  "field": "Insurance and risk management",
  "definition": "Insurance that reimburses a sales representative for commission income lost when the manufacturer it represents cannot fill orders because a covered peril has damaged or destroyed the manufacturer's plant. The loss is measured like a business income loss, as the commissions that would have been earned less any expenses that stop while sales are interrupted. The insured is the selling agent, not the manufacturer.",
  "url": "https://mlchart.com/terminology/insurance/commissions-of-selling-agents-coverage/"
}

Record 628 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.