Definitions for "Extra Expense Insurance"
Insurance providing the extra funds needed to continue a business uninterruptedly following a property loss. F-P
an indirect loss property coverage designed for businesses that cannot afford to shut down following direct damage by a covered peril.
Covers the extra cost of continuing to deliver services following the destruction or damage to a nonprofit's facility or equipment due to a covered peril. Extra expense coverage is generally sold in tandem with business interruption coverage.