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Property : Business Interruption

This insurance is designed to supplement the Property Insurance, it indemnifies losses like earning and expenses arise as a result of interruption of the business due to loss or damage to properties covered under the Material Damage Section, The Insurance covers:

  • Net profit
  • Standing charges, which are expenses that continue to exist like Rent, Motor expense, etc.
  • Increased cost of working, like Overtime, Rental of alternative premises or machinery etc.