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Products >> Commercial Insurance >> Contractors All Risk Insurance Policy

The Consequential Loss (fire) policy covers Loss of Gross Profit and/or increase in cost of working due to reduction in turnover/output due to operation of peril covered in the Standard Fire & Special Perils Policy.

Coverage Includes
  • Loss of Net Trading Profit
  • Standing Charges
  • Loss in Respect of Wages other than those covered by the Standing Charges
  • Increased Cost of Working
  • Auditor's Fees
General Exclusions
  • War, invasion, Act of foreign enemy, Hostilities or Warlike Operations (whether war be declared or not), Civil War
  • Mutiny, Civil Commotion assuming the proportion of or amounting to a popular rising, military rising, insurrection, rebellion, revolution, & military usurped power.
  • Nuclear power reactions and Radiations.
Extensions
  • Suppliers Premises
  • Customers Premises
  • Failure of Public utility of power/gas/water supply
Rates
Rating depends on:
  • Average rate of contents of the process blocks under MD Policy
  • Type of process whether continuous or Batch type
  • Indemnity Period


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