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.