Dependent properties time element coverage

Term · Insurance and risk management · MLC-T-INS-001128

Insurance that covers a business's loss of income or extra expenses resulting from damage to property of a third party, rather than the insured's own property. This coverage applies when the damaged third-party property, such as a key supplier, customer, or leader location, prevents the insured from conducting normal business operations. It is a form of business interruption insurance that extends beyond the insured's direct premises.

Table 1. Record
Identifier	MLC-T-INS-001128
Field	Insurance and risk management
Subject	Businessowners Policy

Record as JSON

{
  "id": "MLC-T-INS-001128",
  "term": "Dependent properties time element coverage",
  "field": "Insurance and risk management",
  "definition": "Insurance that covers a business's loss of income or extra expenses resulting from damage to property of a third party, rather than the insured's own property. This coverage applies when the damaged third-party property, such as a key supplier, customer, or leader location, prevents the insured from conducting normal business operations. It is a form of business interruption insurance that extends beyond the insured's direct premises.",
  "subject": "Businessowners Policy",
  "url": "https://mlchart.com/terminology/insurance/dependent-properties-time-element-coverage/"
}

Record 942 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.