| This policy can be taken complementary to a basic property
policy like Fire and Allied Perils, Property All Risk or Machinery
Breakdown. The Business Interruption policy covers the Loss
of Gross Profit sustained by an organisation due to reduction
in turnover following a loss or damage because of the operation
of an insured event /peril.
Careful consideration needs to be given while selecting the
sum insured (also known as estimated gross profit) to ensure
that all necessary components have been included. The period
of interruption for which the policy would pay also needs
to be decided on carefully.
Based on the nature of ones' business this cover can be tailored
and extended to cover customers' premises, supplier's premises
etc.
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