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Thursday, March 17, 2011

Business-Interruption Insurance

Most U.S. manufacturers have some form of business-interruption insurance, which generally covers profit lost following damage to their property, in this case, for example, if a U.S. company had a plant directly damaged by the quake. If a U.S. business has to stop production because a supplier can't deliver needed
parts, it can only collect from its insurer if it has bought additional protection, called contingent business interruption insurance.

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