Business Interruption Insurance

Business Interruption policy covers any consequential financial loss resulting from material damage to the insured property as a result of fire or earthquake or as otherwise agreed.

This includes:

  • Loss of profit as a result of a reduction in Turnover,
  • Increase in cost of working necessarily and reasonably incurred to minimize or avoid reduction in turnover,
  • Payroll expenses Expenses arising from accountants, architects and any professional involved in the damage evaluation process.

Please note that this cover can be offered as an extension to the Fire policy only. It cannot be offered as a stand alone policy