Additionally, to the property insurance we can provide insurance protection against the event of loss resulting from Business Interruption (economic activity interruption).
Damage of enterprise property resulting from fire, fault of water-supply systems, natural disasters, robbery, etc. can be so serious, that shall entail stoppage of production capacities, of the whole production process. As a result, there will additional losses arise:
1. Planned earlier profit shall not be obtained;
2. Despite the stoppage, the enterprise keeps current expenses, which it will bear no matter in which state the production stays.
1. Current expenses for continuation of insured economic activity during its interruption.
Current expenses for continuation of insured economic activity are such expenses, which the Client inevitably bears during its interruption so that after reconstruction of the property, damaged or destroyed, within the shortest possible period of time to resume the interrupted economic activity in volume, existent directly before the harm was injured, which resulted to Business Interruption (economic activity interruption). Such expenses can be:
2. Loss of profit out of economic activity as a result of its interruption.
Loss of profit out of insured economic activity is the profit which the Client could obtain during period of economic activity interruption, if it would not be interrupted by occurrence of material harm, including:
Client chooses by himself a period of time, for which possible losses form business interruptions of a company are compensated. It depends on the period for which the client, upon his assessments, can restore the property and launch manufacturing. Maximal period of liability can be established within 1 to 36 month by agreement of the parties.
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