Business interruption insurance
Business interruption insurance allows for protecting the company against damages arising from business interruption or loss of turnover due to non-life insurance conditions (fire, water, storm, flood).Under business interruption insurance the business profit, constant expenses (including wages of employees together with taxes) and potential agreed overhead revenues or expenses lost as a result of the interruption of business will be indemnified.
Business interruption insurance is only made for the same period with the asset insurance period of the company.
As business interruption insurance is a so-called financial risk insurance, the insurer would like to see the balance sheet and income statement of the company for the last years before the signing of the potential insurance contract.
General terms and conditions of insurance contracts KT.0806.11
General terms and conditions of insurance contracts KT.0420.08 (Valid for contracts issued until 15.05.2011)
Business interruption insurance conditions KT.0470.09