Fire Loss of Profit (FLOP) policy covers Loss of Gross Profit and/or increase in cost of working due to reduction in turnover/output due to operation of peril covered in the Standard Fire & Special Perils Policy (SFSP).
Fire Loss of Profit cover would become operative only when there is a Material damage loss in Standard Fire & Special Perils Policy (SFSP) is payable due to covered perils like Fire, Lightning, Riot & Strike Malicious damage, Storm, Tempest, Flood, Inundation
To claim under Business Interruption (BI) there should be an admissible claim under Fire policy
Various additional covers like Suppliers Premises, Customer Premises, Failure of Public utility of power / gas/water supply are also available as per requirement and on payment of additional premium.
War, invasion, Act of foreign enemy, Hostilities or Warlike Operations (whether war be declared or not), Civil War, Mutiny, Civil Commotion assuming the proportion of or amounting to a popular rising, military rising, insurrection, rebellion, revolution, & military usurped power.
War, invasion, Act of foreign enemy, Hostilities or Warlike Operations (whether war be declared or not), Civil War, Mutiny, Civil Commotion assuming the proportion of or amounting to a popular rising, military rising, insurrection, rebellion, revolution, & military usurped power.
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