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Consequential Loss / Business Inturruption PDF Print E-mail

Your business can be severely affected by interruption or stoppage if any of your business assets are damaged by Fire or other perils. This leads to loss of revenue and can lead to total business collapse or financial ruin. To prevent such catastrophic losses it is prudent to be protected by insuring your business for Consequential Loss/Business Interruption.

A Consequential Loss/Business Interruption Policy pays for the followings:

  • Loss of Profit due to interruption as a result of Fire and other perils.
  • Extra expenses incurred to minimise dislocation and restore normal trading conditions as soon as possible.
  • Overheads which continue and must be met despite interference with trading
  • Wages/Payroll of employees who are retained during the period of interference

Insured Perils:     
Fire and/or stated contingencies including lightning, hurricane, earthquake, explosion, flood, vehicular impact, riot and strike, malicious damage, burst pipes, aircraft damage, bush fire, smoke, spontaneous combustion affecting the trading activity of the business at the premises.

 
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