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
- Departmental clause
- Alteration index clause
- Salvage clause
- Accumulation of stock
- Public utilities
- Accountants clause
- Payment on account
- Minimum retention 50% – Rebate clause
- Denial of access
- 25% Business increase
- Difference in wording
- Goods sold and services rendered elsewhere
- Customer/supplier clause
- Reinstatement of loss
- Subrogation waiver clause
- Deletion of average
- Prevention of access.
Claims Procedure
- Claim Forms
- Accounting records
- Stock Records
- Police records
- Full statement of circumstances from relevant persons
- Obtain claim reference number and confirm cover in the policy
Download the Consequential Loss/Business interruption proposal form here
Sarchi Miscellaneous Claim Form
