Business Interruption Insurance

Every business is an investment and the show must always go on so you can grow and optimise your capital. Our Business Interruption Insurance Policy will protect you from any losses due to work stoppages, accidents and other unforeseen events. It combines with our Fire and Special Perils Insurance Policy to provide you with a comprehensive cover that safeguards your capital, inventory and infrastructure, and even includes auditors’ fees and increases in running costs.

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)

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.