Business Interruption

Covers financial loss of Gross Profits due to interruption of business in consequence of property damage due to Breakdown as defined in the Machinery Breakdown policy or IAR/ Mega Policy.

We, at Prudent, have very high capabilities in advising and guiding our clients on the Business Interruption exposures due to Breakdown and providing insurance solutions. Gross Profit as defined in the Business Interruption policy is not the same as it is defined in Accounting Parlance. (It is Net Profits before taxes plus Fixed Costs / Standing Charges). How to arrive at the Sum Insured, how much Indemnity Period to take, understanding of Deductible and Departmental Clause, which machinery/ equipment are critical, preparation of back up documents for a future claim, are some of the critical questions answered which we provide professional advice for.The cover can be customized to a great extent by Additional Covers/ Clauses.

Business Interruption due to Machinery Breakdown can be purchased as an additional policy related to the Machinery Breakdown insurance policy. Business Interruption due Breakdown) is an optional cover under IAR / Mega policy and can be purchased as an additional cover under the same policy.

Covers loss of anticipated Gross Profit resulting from delay in the commencement of commercial operations beyond the scheduled date Start-Up of the business insured, due to property damage covered / admissible under the EAR/CAR insurance.

We, at Prudent, have very high capabilities in advising and guiding our clients on the financial exposures due to delay in the execution of a project and the resultant loss of future gross profits. Gross Profit as defined in the ALOP Insurance policy is not the same as it is defined in Accounting Parlance. (It is Net Profits before taxes plus Fixed Costs / Standing Charges). Cover can be opted for either the entire anticipated gross profits or only for Fixed Costs. Debt Servicing Charges are a major concern for all.

How to arrive at Sum Insured, how much Indemnity Period to take, understanding of Deductible, avoiding the dispute between Insurable and uninsurable delays through Project Monitoring, preparation of back up documents for a claim (There is only one claim for all the events that may take place during the execution of the project), and special conditions under the policy, are some of the critical issues on which we provide professional advice.

The cover can be customized to a great extent by Additional Covers/ Clauses and by including Contingent Business Interruption. Cover can be taken only by Owners /Principals. Contractors are not eligible.

Covers loss of anticipated Gross Profit resulting from delay in the commencement of commercial operations beyond the scheduled date Start-Up of the business insured, due to damage during transit and covered/admissible under the Marine Cargo insurance. It also covers delay due to damage or mechanical breakdown of the vessel carrying cargo, due to loss of or mechanical breakdown of motor, rail or other vehicle, or delay due to vessel involved in General Average.

We, at Prudent, have very high capabilities in advising and guiding our clients on the financial exposures due to delay in the execution of a project and the resultant loss of future gross profits. Gross Profit as defined in the DSU Insurance policy is not the same as it is defined in Accounting Parlance. (It is Net Profits before taxes plus Fixed Costs / Standing Charges).

Cover can be opted for either the entire anticipated gross profits or only for Fixed Costs. Debt Servicing Charges are a major concern for all. How to arrive at Sum Insured, how much Indemnity Period to take, understanding of Deductible, Definition of Critical cargo, requirement of Warranty Survey and special conditions under the policy - are some of the critical issues on which we provide professional advice.

The cover can be customized to a great extent by Additional covers/Clauses. Cover can be taken only by Owners /Principals. Contractors are not eligible.