A business interruption insurance policy is designed to protect the Insured from losses of business income because of direct physical loss, damage, or destruction to Insured property by a covered peril. This covers the actual loss of business income the company sustains due to the necessary suspension of business operations during the period of restoration. The suspension must be caused by the direct physical loss, damage, or destruction to Insured property. For a Business Interruption Cover to be in force, it must be preceded by a Material Damage (Fire & Special Perils) policy.
REQUIREMENTS FOR QUOTATION
- Duly completed Proposal form
- Know Your Customer (KYC) form
STEPS TO MAKE A CLAIM/ CLAIM PROCESSING
- Immediate notification via phone call, app, letter or email
- Duly completed Fire Claim form
- Other claims substantiating documents as may be required
Terms and conditions apply.
