Loss Of Profit Insurance
Business Protection
Why
Business interruption: Damage to property may result in reduced turnover or additional expenses which may cause serious business interruption that you did not plan for. Brief breakdown of cover: Insurance for Gross Profit, – gross rental, – additional increase cost of working. Additional cover: include your damage in turnover following damage to the property of clients and suppliers
Solution
Consider, for example, a factory which is destroyed or damaged by fire. Apart from physical damage, the insured may also suffer a loss of business income from which to pay the expenses of the business and make a profit. They may also incur extra costs, such as renting alternative premises, to maintain the turnover of the business. All these losses are covered by business interruption insurance