Consequential Loss (Fire) Insurance
The Consequential Loss (Fire) Insurance Policy would be applicable for all risks covered under Standard Fire and Special Perils Policy. The Sum Insured is based on the gross profit of the business. Gross Profit is defined as the sum of Net Profit and insured standing charges.
Self Service Options
Make changes to your policy & update
your contact details.
Make changes to your policy & update
your contact details.
Print policy document and view
renewal notice
Print policy document and view
renewal notice
Coverage
Policy broadly covers
- Loss of Gross Profit due to Reduction in Turnover
- Increased cost of working - The additional expenditure incurred for the purpose of avoiding or diminishing the Reduction in Turnover or Output.
Add-on Covers
Below are some of the add-on covers that can be opted
- Supplier's extension
- Customer’s extension
- Failure of Public power supply/Gas works/water works
- Auditor’ fees
*above list is indicative in nature and not exhaustive
Deductible
This Policy does not cover the deductible stated in the Schedule in respect of each and every loss under various covers. Deductible is generally defined in terms of number of days of standard gross profit.
Exclusions
Exclusions
All exclusions applicable for Material Damage (SFSP) policy are applicable for CLOP policy also.
