• Burglary: Breaking and entering into another person's property with felonious intent

  • Burglary and Theft Insurance: Coverage against property losses due to burglary, robbery, or larceny

  • Business income exposure: lost profits resulting from damage to property that halts the business

  • Business interruption exposure: see Business income expos

  • Business Insurance: A policy which primarily provides coverage of benefits to a business as contrasted to an individual. It is issued to indemnify a business for the loss of services of a key employee or a partner who becomes disabled

  • Business Interruption Insurance: Protection for a business owner against losses resulting from a temporary shutdown because of fire or other insured peril. The insurance provides reimbursement for lost net profits and necessary continuing expenses

  • Business Life Insurance: Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to reimburse it for loss caused by the death of a key employee

  • Buy-Sell Agreement: An agreement made by the owners of a business to purchase the share of a disabled or deceased owner. The value of each owner's share of the business and the exact terms of the buying-and-selling process are established before death or the beginning of disability

Copyright 2001 Rick Johnson Insurance    Fax: 925 370-8042   Tel: (800) 640-4005   Lic # 0551190