Consequential Insurance

A policy that provides protection against loss of profits in business due to an interruption in business consequent upon an insured peril and claim admitted under the material damage policy.

Standard Cover

• Loss of Gross Profit or Revenue due to Reduction in Turnover or Out put

• Increase in cost of working - The additional expenditure incurred for the purpose of avoiding or diminishing the Reduction in Turnover or Out put

Extra covers available on payment of additional premium

• Extension to cover loss due to accidental failure of public electricity/ gas/ water supply

• Lay-off and Retrenchment Compensation and Notice Wages Liability Auditor's Fee

• Extension to cover Suppliers' Premises and Customers' Premises

Salient Features

• Quick and expert risk inspections where required

• Expert Risk Control Programme by our Risk Engineers on all aspects of safety and loss Prevention/ Minimization

• Superior claim service

• Option to insure selected Standing Charges

• Option to insure on alternative basis - either on turnover basis or on output basis