Fire Loss of Profit Policy

Fire Loss of Profit Policy

A policy that covers loss of profit upon business interruption due to fire or other extended perils covered under the Standard Fire policy..

COVERAGE

  • Loss of profits
  • Loss of revenue
  • Loss of rental income
  • Wages or salaries
  • Auditors fees
  • Increased cost of working due to business interruption

Benefits

Policy coverage includes:
  • Loss of profits
  • Loss of revenue
  • Loss of rental income
  • Wages or salaries
  • Auditors fees
  • Increased cost of working due to business interruption

Features

Policy provides indemnity against reduction in gross profit or increase in the cost of working following damage to property occassioned by fire, bushfire, subterranean fire, spontaneous combustion, lightning, explosion, earthquake, bursting or overflowing of water tanks and apparatus, impact with vehicles, riot, strike and malicious damage. Coverage to include auditors' fee incurred in preparation of a claim under the policy and applies to all premises occupied within East Africa. Indemnity period = 12 months

FAQS

1. What is not covered in the policy? Terrorism 2. Is premium paid in the time of claim? No. Premium is paid at the time of inception of cover.