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Business Interruption
The Business Interruption policy, also known as Consequential Loss or Loss of Profits policy, is designed to protect financial losses due to an interruption in business caused by a peril covered under Property All Risk or Fire & Allied perils policy.
The cover is for the loss of gross profit incurred during the indemnity period as specified in the policy.
Some of the common extensions provided under the policy are:
- Denial of Access to the premises
- Failure of utility services
- Customers / Suppliers extension
