Use and occupancy insurance U&O

{
  "id": "MLC-T-INS-003448",
  "term": "Use and occupancy insurance U&O",
  "field": "Insurance and risk management",
  "definition": "A form of business interruption insurance that covers the loss of income and continuing expenses when a business cannot operate due to physical damage from a covered peril. It compensates for the profits that would have been earned and the fixed costs that continue during the period of restoration. This coverage is often integrated into broader property insurance policies.",
  "url": "https://mlchart.com/terminology/insurance/use-and-occupancy-insurance-u-and-o/"
}