Business Interruption
Insurance
Protecting your wealth!
Business Interruption also known as Loss of Profits or Consequential Loss indemnifies the insured for the loss of turnover and continuing costs as a result of an interruption to the business following damage by an insured peril . The policy will pay during the period of interruption for :
- Loss of profits
- Wages for employees that the insured needs to keep
- Rent or bond repayments while the building is being reinstated
Accounts Receivable
This is a type of consequential loss insurance. It covers loss of income caused by the accounts being destroyed by an insured peril and the company then being unable to trace its debtors .