If a consequential loss involves lost profits and fixed charges stemming from shutdown of a supplier or customer, it is called

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Quizplus · Accepted Answer

Contingent business income coverage is designed to protect the insured against losses stemming from disruptions to their suppliers or customers. If a supplier or customer's shutdown leads to the insured's lost profits and fixed charges, this falls under contingent business income.

If a Consequential Loss Involves Lost Profits and Fixed Charges