There are various types of business interruption insurance that go by different names in different countries.
“Difference basis” “profits form” – (From AXA U.K. site) EXPLANATION OF COVERAGE.
The following are the options in Canada which are used by IBC member companies. Many companies use their own forms which are based on older IBC versions of these forms including “Profits” and “Gross Earnings” forms (No co-insurance earnings, Gross earnings mercantile and Gross earnings manufacturing).
IBC 4106A Business Income (Named Perils)
IBC 4106B Business Income (Broad Form)
IBC 4107A Extended Business Income (Named Perils)
IBC 4107B Extended Business Income (Broad Form)
IBC 4108A Rental Income (Named Perils)
IBC 4108B Rental Income (Broad Form)
IBC 4109A Extended Rental Income (Named Perils)
IBC 4109B Extended Rental Income (Broad Form)
IBC 4110A Extra Expense (Named Perils)
IBC 4110B Extra Expense (Broad Form)
IBC 4116 Contingent Business Income Extension Endorsement
IBC 4117 Contingent Liability From Enforcement of Building By-laws: Additional Time Required for Rebuilding Endorsement
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