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What specific, non-obvious trigger condition must typically be met for Contingent Business Interruption (CBI) coverage to activate, beyond mere disruption at a key supplier?



The specific, non-obvious trigger condition that must typically be met for Contingent Business Interruption (CBI) coverage to activate, beyond mere disruption at a key supplier, is that the key supplier must sustain direct physical loss or damage caused by a peril that would be covered under the insured's *ownproperty insurance policy, had the loss occurred at the insured's premises. Contingent Business Interruption (CBI) coverage provides financial protection for an insured company's loss of net profit and continuing expenses resulting from an interruption t....

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Redundant Elements