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Loss of Profits

The Loss of Profits policy is formulated to cover the likely monetary loss occurring from break in business activity that may arise due to physical loss of property by an event covered for insurance.

What does it coverWhat it does not coverTab Right

The Policy broadly covers loss of Gross Profit on account of interruption of business, consequent upon Material Damage to property due to Fire or any other insured peril under the Standard Fire and Special Perils Policy.

It also covers standing charges which continue to be incurred during the period of interruption and the increase in cost of working necessarily and reasonably incurred to maintain the business as far as possible at its normal level, so that loss under net profit and standing charges is avoided or at least minimized.

Please refer to the Policy Wordings for the complete coverages, exclusions and
terms and conditions of the policy.

* Conditions apply.

UIN no. IRDAN123P0024V01200203

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