The fire insurance policy reimburses the damage, but that doesn’t mean production can resume. If the company is out of business for a year, it is totally and irrevocably out of the market.
The permanent costs continue while the revenue/profit are nil. This obviously means the end for the enterprise.
The amounts that are insured should be recalculated annually, if not you lose the Increase-Decrease adaptation facility.
Is the profit loss after a fire sufficient or does it have to be expanded to additional guarantees/deposits?
What about the staff?
What about the period of coverage/inactivity? Will it suffice?
This specific bespoke insurance service is provided by us.
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