An INSURANCE mechanism that provides the INSURED with a payout only if two separate TRIGGER events occur. One trigger is often related to a traditional insurable OPERATING RISK (e.g., damage or destruction in plant and equipment leading to business interruption), while the second may relate to a FINANCIAL RISK (e.g., a decline in operating revenues to a particular amount, or a fall in the stock price to a certain level). Since both events must occur in order for a SETTLEMENT to be paid, the PREMIUM is generally lower than on a conventional insurance contract. See also MULTIPLE TRIGGER PRODUCTS, TRIPLE TRIGGER.