Business Interruption – Loss of Profits
COVER: Loss in Profits due to-Reduction in turnover or increase in cost f working to maintain turnover as a Result of any
admitted claim under current fire Insurance. Cover is to replace loss of income due to resultant damage.
Limits of insurance:
Gross profit including wages –
Audit fees for claim Preparation
Period of Indemnity –
Following extras can be included
1. Departmental clause
2. Alteration index clause
3. Salvage clause
4. Accumulation of stock
5. Public utilities
6. Accountants clause
7. Payment on account
8. Minimum retention 50% – Rebate clause
9. Denial of access
10. 25% Business increase
11. Difference in wording
12. Goods sold and services rendered elsewhere
13. Customer/supplier clause
14. Reinstatement of loss
15. Subrogation waiver clause
16. Deletion of average
17. Prevention of Access
Claims Procedure
- Claim Form
- Accounting Records
- Stock Records
- Fire Brigade Report
- Police Abstract Report if malicious persons or arsonists involved
- Full statement of circumstances from relevant persons
Credit Services
Through our finance associates, the group offers insurance premium financing to clients who would prefer to spread their payments while managing their finances.
The service gives our clients better control of their cash flows by eliminating the need to make huge lump sum payments at the time of taking cover.
It also facilitates consolidated insurance payments by enabling an easy payment plan for multiple policies.
Download Loss of gross profit sums calculations
Download Business Interruption – Loss of Profits Following Fire and Additional Perils Insurance