Business Interruption Insurance | Fairfirst Insurance

Business Interruption (Consequential Loss) Insurance

Essential support for keeping your business going strong after any physical damage to buildings or contents, including machinery, equipment, and stock.

Just like every business is an investment, our Business Interruption Policy covers the loss of income when your business faces interruptions due to physical damage. This includes covering fixed expenses and operating from a temporary location.

Depending on your needs, it can even cover auditors’ fees and increased operating costs. Protect your business growth with confidence – opt for our Consequential Loss/Business Interruption Insurance for uninterrupted success.

What It Covers

Loss of gross profit or revenue due to reduction in Turnover or Output
Increase in cost of working – the additional expenditure incurred for the purpose of avoiding or diminishing the reduction in turnover or output
Auditors Fees

Basis of Sum Insured

Could be arrived at using the following methods –

Addition basis – Gross profit = Standing Charges + Net Profit
Difference basis – Gross Profit = (Turnover + Closing Stocks) – (Opening Stocks +Uninsured Working Expenses)

*Subject to terms, and conditions.

Note

Particulars of cover and exclusions given above are not complete or exhaustive. For more details please call us on 0112 428 428 or visit one of our nearest branches.