Business Interruption/Loss of Profits

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BUSINESS INTERRUPTION / LOSS OF PROFITS

Defined events
This policy covers Loss following interruption of or interference with the business in consequence of damage occurring during the period of insurance at the premises in respect of which payment has been made or liability admitted under:

  • fire section of this policy
  • he buildings combined section of this policy
  • the office contents section of this policy
  • any other material damage insurance covering the interest of the insured but only in respect of perils insured under the fire section hereof (hereinafter termed Damage).

Liability shall be deemed to have been admitted if such payment is precluded solely because the insured is required to bear the first portion of the loss.

The company will indemnify the insured in accordance with the provisions of the specification hereinafter set out.