JSISLA

FIRE

MARINE

LOP

Loss-of- Profits insurance is intended to cover losses to a business following physical damage by fire or breakdown, until turnover has recovered to a similar level to that prior to the damage. It requires that a fire or machinery breakdown policy has been effected by the insured. Cover is for a maximum sum insured representing the insured's gross profit and the increased cost of working for the anticipated period that production is interrupted following the physical damage, and for a maximum indemnity period representing the anticipated period to restore the business to normal operations and profitability.
The policy covers:
Loss of gross profit
Increased cost of working
Add on covers
The Fire Consequential Loss Policy can be extended to cover loss of profit to the insured due to :
1. Accidental failure of public electricity/gas/water supply
2. Damage to customer's premises due to perils covered under Fire Policy
3. Damage to Supplier's premises due to perils covered under Fire Policy

CLIENTS