BUSINESS INTERRUPTION (BI) INSURANCE
- OVERVIEW
- INSURANCE COVERAGE
- EXCLUSION
- PRODUCT DOCUMENT
- CLAIMS GUIDELINE
- OTHER PRODUCTS
Business Interruption (BI) insurance
product overview
Business activities may be interrupted as a result of physical damage to the property. Such interruption would cause the business to lose profits or increase costs unexpectedly, and Business Interruption insurance is designed to cover for this kind of unforeseen financial consequences following physical damage to property.INSURANCE COVERAGE
main coverage
BI insurance is on all-risk basis and it ensures coverage for:
- Loss of profit
- Standing charges
- Wages or salaries
- Rental
- Increase in cost of working
- Professional Accountant’s charges
extended coverage
EXCLUSION
The following are some exclusions in BI policy:
- Acts of fraud or dishonesty
- War, terrorism
- Nuclear weapons
- Others as specified in the policy
BI Wording 
See claims guide in detail 
See detail 
