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Services : Professional : Consequential Loss

The purpose of this cover is to provide indemnity in the event of cessation of work following loss or damage by fire and/or any of the extraneous perils covered under the fire policy, in respect of the following;

  • Loss of Gross Profit
  • Payment of Standing Charges, which must be met despite cessation of work
  • Additional or increase in working costs necessarily incurred to maintain or restore turn over (e.g. renting temporary premises, having work done elsewhere, overtime or extra labour and special advertising)
  • Auditor’s fees
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