Business Interruption Insurance

Business Interruption Insurance due to Standard Fire and Special Perils

In the event any interruption to the business as result of damage to insured’s premises due to any peril insured under the Fire Material Damage policy. It is a secondary policy to the Fire and Material Damage policy and so the fire material damage claims admissibility is a condition precedent to the admissibility of Fire Business Interruption claim. This policy enables insured to recover:

  • Loss of gross profit due to a reduction in turnover/output
  • Increased cost of working incurred in minimising the loss of gross profit

This insurance is also known as Consequential Loss or Business Interruption Insurance.

Standard Exclusions:

  • All exclusions under the Primary Fire Material damage policy
  • Third party claims

Business Interruption Insurance due to Machinery Breakdown

In the event any interruption to the business as result of damage to insured’s premises due to any peril insured under Machinery Breakdown policy. It is a secondary policy to the Machinery Breakdown policy and so the Machinery Breakdown claims admissibility is a condition precedent to the admissibility of Machinery Breakdown Business Interruption claim. This policy enables insured to recover:

  • Loss of gross profit due to a reduction in turnover/output
  • Increased cost of working incurred in minimising the loss of gross profit

Standard Exclusions:

  • All exclusions under the Primary Machinery Breakdown policy
  • Third party claims

 Please refer to the policy document for detailed scope of cover and list of exclusions and other terms and conditions under the policy.

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Call us at +91-22-67618900 or write to us for more information or any questions you may have.

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