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What is the difference between Dependant Properties and Contingent BI?

April 26, 2017Bi Contingent difference

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What is the difference between Dependant Properties and Contingent BI?

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Dependent Properties coverage is a type of Contingent Business Interruption insurance. Contingent Business Interruption insurance may be known as Contingent Business Income insurance or Dependent Properties insurance. The ISO Dependent Properties Coverage endorsement provides coverage for four types of dependencies: Contributing locations, recipient locations, leader locations, and manufacturing locations. Individual wording must be reviewed to determine details of the exposure that is covered, how coverage is triggered, and how it is applied.