What is Business Interruption Insurance?
This policy provides financial protection for losses against loss of profit upon business interruption sustains as a result of direct loss, damage, or destruction to your property by a covered peril under a standard fire policy.
- Loss of Profit
- Rental Expenses
- Standing charges
- Wages or salaries on payroll basis
- Increase in cost of working due to business interruption
This insurance policy must be taken together with a Fire or Industrial All Risk policy.