Business Interruption Insurance (Loss of Profit Insurance)

Business Interruption insurance (BI) covers the effective financial loss sustained by the Insured during the period of business interruption, following the occurrence of a risk insured under a Property or a Machinery Breakdown policy. It practically covers the loss of insured profit, additional expenses for business rehabilitation, after the occurrence, as well as expenses for the loss settlement, less the profit recoveries and the expenses ceased due to the occurrence of the insured risk.

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