Systems performance insurance

{
  "id": "MLC-T-INS-003268",
  "term": "Systems performance insurance",
  "field": "Insurance and risk management",
  "definition": "A specialized insurance policy that covers financial losses resulting from the failure of a technological system to meet predefined performance standards or specifications. This coverage protects against business interruption, lost revenue, or additional costs incurred due to system malfunctions, downtime, or underperformance. It is distinct from general liability or property insurance, focusing specifically on operational output.",
  "url": "https://mlchart.com/terminology/insurance/systems-performance-insurance/"
}