BUSINESS INTERRUPTION INSURANCE

PURPOSE OF COVER

Business Interruption is probably one of the most important considerations following an indemnifiable Machinery Breakdown loss. It could be rather catastrophic to be in a position whereby a critical item of insured machinery is the subject matter of a Breakdown loss.  The potential consequential loss following such an event could leave your operations without any turnover of income. The Business Interruption policy will provide for a reduction in turnover and increase in cost of working. Added to this loss, you can include Additional Increase in Cost of Working to help mitigate the down time and loss of Gross Profit and or Revenue. We can offer sound advice on how to structure your Machinery Breakdown policy in conjunction with the Business Interruption policy.

Consort Technical Underwriting Managers (Pty) Ltd (Reg No 1999/003909/07) is an Authorised Financial Services Provider (FSP No 2273), is FAIS compliant and is underwritten by Lombard Insurance Company Limited (FSP No 1596). CONSORT TECHNICAL UNDERWRITERS © 2020. All rights reserved.