NRI Personal Accident &
Overseas Medical Insurance
Life Insurance & Family Takaful Plan
This policy covers loss of gross profits or revenue as the case may be resulting due to a reduction in the turnover following a loss under the material damage policy (Fire or Property All Risk policy). There are four critical elements to business interruption insurance:
It is only triggered in three limited circumstances
The policy pays for loss of Gross Profits for the duration of the interruption subject to the indemnity period chosen by the insured while purchasing the policy. The indemnity period should be prudently selected and should reflect the maximum time for the business to come back to normalcy after a major loss.
This insurance provides vital protection when a business falls victim to circumstances outside of its control. The purpose of this coverage is to protect the business against losses arising from its inability to continue normal operations, and its inability to occupy its premises.
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