Consequential loss / industrial & commercial

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.

 

Considerations are:

• 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.

   

  Contact us for an appointment.