Many policies also cover lost business that results from the equipment breakdown.
Pays for the income your company loses, and for additional costs your company pays if a loss makes it impossible for you to work in your office. An agreement among owners in a business which states the under certain conditions, i.e., disability or death, the person leaving the business or in case of death, his heirs are legally obligated to sell their interest to the remaining owners, and the remaining owners are legally obligated to buy at a price fixed in the Buy-Sell agreement. The funding vehicles are either disability or life insurance or both. If a loss occurs and property values have increased to a point where coverage limits are less than the required co-insurance percentage of total property values, a reduced payment will be made to the claimant. Some policies do not have a co-insurance clause.