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Business Interruption
- Also known as consequential loss or loss of profits
- Covers you for loss of gross profit due to a reduction in turnover ( & reasonable additional expenditure, aka Increased Costs of Working, incurred in minimising the reduction in turnover ) following an incident that is covered under the Property Damage section (eg Buildings, Contents, Stock etc.)
- Customer & Supplier extensions available
- Choice of indemnity periods to suit the maximum period it would take, following a loss, to get back into full production and recover market share. Can vary from 12 months for small businesses to 3 to 4 years for large, complex manufacturing concerns
- Premiums are normally based upon the sum insured and indemnity period selected
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