Fire Consequential Loss

Protects against the "after effects" of losses suffered from a fire; eg. the inability to maintain business due to damaged or lost assets.


The Fire Consequential Loss policy covers loss of Gross Profit following an indemnifiable peril (the perils usually follow that of the Fire policy) and is measured on the reduction in turnover compared to the same period in the last twelve months and applying the Rate of Gross Profit. Cover also extends to include Additional Expenditure reasonably incurred to minimise the loss of Gross Profit. The costs of non productive wages can be included either as treating them as a standing charges, or taking out more specific covers such as Dual Wages. Professional accountants' charges to produce certified details for the Insured's presentation of a claim could be included.