Property Insurance

Fire Consequential
Loss Insurance

Fire Insurance covers physical loss or damage to property insured but does not include resultant losses in business profits/revenue and additional expenses due to partial or complete cessation of operations.

Fire Consequential Loss Insurance provides indemnity to the Insured for loss of Gross Profit due to reduction in turnover and increased in cost of working consequent upon interruption of the Insured business caused by perils insured under the Fire Insurance.

The Fire Consequential Loss policy also allows you to pay the continuing overheads or standing charges such as rent, mortgages and loans, salaries / wages of employees not gainfully employed during the interruption including payments to employees whose services are no longer required, additional working expenses reasonably incurred to reduce the effects of damage on the business such as renting of temporary premises and hiring of machinery or additional labour costs.