Business Interruption Insurance (Loss of Profits)
Following damage or destruction to the Club’s premises resulting from a peril which is covered under the Fire and Specified Perils policy, the Business Interruption policy will provide financial compensation for the loss of Gross Income which may result from the interruption or interference to the club's business activities.
The policy will also provide indemnity for the additional costs incurred by the club or community group to reduce or avoid a reduction in Gross Income.
Indemnity Period – 12 months from the date of the loss and/or damage.
Additional Policy Benefits:
- Claims Preparation Costs (Limit $5,000);
- Additional Increased Cost of Working (separate sum insured required);
- Accumulated Stocks Provision;
- Prevention of Access;
- Public Utilities, Customers and Suppliers Extension.
This description is issued as a matter of information only and for full terms and conditions you should refer to the policy wording.
We accept no responsibility whatsoever for any inadvertent or negligent act, error or omission on our part in preparing these statements or for any loss, damage or expense thereby occasioned to any recipient of this letter.