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Consequential Loss (Fire) Insurance

In addition to Fire Insurance, the Consequential Loss Insurance policy safeguards your business profits due to business interruption.

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Please check Terms and Conditions.

Please check Terms and Conditions.

consequential_loss_fire_insurance

Consequential Loss (Fire) 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.

  • 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

  • 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

FAQs

How are rates determined?

 The rating depends on:

  • The average rate of contents of the process blocks under MD Policy.
  • Type of process whether continuous or Batch type Indemnity Period.

What extensions are provided under the policy?

 

  • Suppliers Premises.
  • Customers Premises.
  • Failure of Public utility of power/gas/water supply.

 

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