FIRE CONSEQUENTIAL LOSS INSURANCE

Introduction

This policy covers Gross Profit, due to partial or complete cessation of operations and an increase in the cost of working as a result of fire/ or other perils, thus enable the Insured to return to the normal trading position as it was before the fire and /or other insured perils.

Scope of Cover

The policy indemnifies the following:

• Net Profit lost due to a reduction in the volume of trading.
• Standing charges (continuing overhead charges) - those expenses which continue to incur at the  usual level even if the business has been interrupted. 
• Increased in Cost of Working reasonably incurred in order to overcome or minimize the effects of damage upon the business e.g. overtime, rental of alternative premises or machinery.
  

Exclusions

As contained specifically in the policy.

Extensions

The Policy can be extended to cover other perils apart from those already covered under Fire Policy by payment of additional premium:

• Customer's extension - within Malaysia, Singapore and Brunei
• Supplier's extension - within Malaysia, Singapore and Brunei
• Prevention of Access
• Infectious or Contagious Diseases, murder, suicide, pest, food or drink poisoning; or defective sanitary arrangements
• Public Utilities - electricity, water and gas

For further information about this product, please contact our nearest branch and our customer service staff will gladly assist you.