Any event, whether anticipated (i.e., public service strike) or unanticipated (i.e., blackout) which disrupts the normal course of business operations at a corporate location.

Insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril.

Inventory goods and materials, or those goods and materials themselves, held available in stock by a business.

Standard for imposing liability on directors of corporation; they must give time and thought to decisions.

The term used to describe the liability coverages provided by the Businessowners Liability Coverage Form. It includes liability for bodily injury, property damage, personal injury, advertising injury, and fire damage.

Insurance that protects a company and/or business owner in the event of a formal lawsuit or other third-party claim.

Insurance taken out by a company to protect against loss of income caused by the death or illness of an owner or important employee.

The process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption for the purpose

Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively. TLD Example: One look at the company’s operations

A set of tools for strategic planning and tactical implementation of policies, practices, guidelines, processes and procedures that are used in the development, deployment and execution of business plans and strategies and

Comments on business matters that were handled and stored on a record. These are matters that also require use of the record which also follow up with the action(s) taken after the

The variety of guest types at a hotel that together make up the hotel’s clientele. A typical business mix might be part business travelers, leisure travelers and convention business.

A design for the successful operation business, identifying revenue sources, customer base, products, and details of financing.

A trade name, also known as a trading name or a business name, is the name which a business trades under for commercial purposes, although its registered, legal name, used for contracts

A legitimate business purpose that justifies an employment practice as valid and necessary for the effective achievement of the organization’s objectives and the safe and efficient operation of the business.

A desire of the project customer that focuses on a business problem; its fulfillment is strategic to organization goals.

Ongoing recurring activities involved in the running of a business for the purpose of producing value for the stakeholders.

An opportunity to generate income as a business owner and not an employment opportunity. TLD Example: The decision by the owner to retire presented the young chef with a business opportunity allowing him

An individual who owns and operates a business whether it be small or large. This individual also profits from the net gain of the company.

A policy that protects small businesses for property damage.