Category: B

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

(BI) refers to computer-based techniques used in spotting, digging-out, and analyzing business data, such as sales revenue by products and/or departments or associated costs and incomes.

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 of conforming to customer requirements.