Insurance cover is provided under a separate clause within the Combined Property Damage policy against loss of gross profit (net profit plus standing charges) resulting from interruption of business caused by an insured event.

The amount payable as indemnity shall be:

• in respect of reduction of turnover;
• in respect of additional expenditure necessarily and reasonably incurred for the sole purpose of avoiding and diminishing the reduction in turnover.

The period of indemnity is optional and can be respectively:

• 6 months.
• 12 months
• 18 months
• up to 24 months
• other, upon agreement

The sum insured depends on the financial results of the company and shall reflect the estimated gross profit at risk in the course of the indemnity period.

For more information please do not hesitate to contact us at info@expatbusinessservice.com