Business interruption & Loss of Profit
This Policy covers loss of Gross Profit or Revenue caused by the loss, damage or destruction of the Property covered by the Fire & Allied Perils or Property All Risks Policy (as the case may be) and caused by the perils covered under the respective Fire & Allied Perils or Property All Risks
Please note, it is important to have in place a material damage policy so as to have the Loss of Profits or Business Interruption policy in place for the interest and the location in question.
Moreover, the loss should be occasioned by one of the Perils which are covered under the material damage policy.
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