This is designed to protect the earning capacity of the Business in order that the Business can continue after a loss.
For a payment to be made under the Business Interruption policy Material Damage cover must also be in force and this must also cover the damage for which the claim is being made.
Cover can either be arranged on a Full Gross Profit basis or on an Increased Cost of Working basis, which only covers the additional costs, incurred after the loss.
An Indemnity Period must also be selected. This should be the length of time it would take from the date of the loss until the business regains its pre-loss trading position. This is usually 12 months but can be for a longer or shorter period depending on the nature of the business.
Various Extensions are available to cover losses occurring at premises elsewhere which may affect the business i.e. damage at customers or suppliers premises.
Cover can also be arranged for Accounts Receivable
and Advance Profits if required.
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Bruce Stevenson (Edinburgh)76 Coburg StEdinburghEH6 6HJ
T: +44 0131 553 2293
F: +44 0131 554 8324
Bruce Stevenson (Glasgow)38-40 New City RoadGlasgowG4 9JT
T: +44 0141 353 3539
F: +44 0141 353 3888Email.
Authorised and Regulated by the Financial Services Authority
Members of
BS Ltd - SC073638
BSFS Ltd - SC095307
BSRM Ltd- SC207315
BSIS Ltd - SC261656
Scotland
76 Coburg Street,
Edinburgh,
EH6 6HJ