Business

BUSINESS INTERRUPTION

The Material Damage policies cover the physical damage to the property insured. The insured may suffer a substantial loss in the revenue due to the interruption in his business activities caused by this physical loss. The Business Interruption policy is designed to cover such consequential losses due to:
·      Fire and Allied Perils
·      Machinery Breakdown
·      Computer Damage or Breakdown
This type of policy is also referred to as “Consequential Loss” or “Loss of Profit” Policy.