Consequential Loss (Fire) Insurance | IFFCO Tokio General Insurance Company in India
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    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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