Gross profits insurance

{
  "id": "MLC-T-INS-001667",
  "term": "Gross profits insurance",
  "field": "Insurance and risk management",
  "definition": "A form of business interruption insurance that indemnifies a business for the loss of its gross profits resulting from a covered peril. This coverage typically defines gross profit as the sum of net profit and standing charges (fixed expenses) that continue during the interruption. It aims to restore the business to the financial position it would have achieved had the loss not occurred.",
  "url": "https://mlchart.com/terminology/insurance/gross-profits-insurance/"
}