While a fire insurance policy indemnifies the physical loss or damage to the property insured, a consequential loss insurance policy provides protection against losses arising directly out of the interruption with trading or business as a result of the occurrence of a fire or any other special peril insured under the fire insurance policy.

The Fire Consequential Loss policy covers loss of Gross Profit following an indefinable peril (the perils usually follow that of the Fire policy) and is measured on the reduction in turnover compared to the same period in the last twelve months and applying the Rate of Gross Profit. Cover also extends to include Additional Expenditure reasonably incurred to minimize the loss of Gross Profit. The costs of non productive wages can be included either as treating them as a standing charge, or taking out more specific covers such as Dual Wages. Professional accountants’ charges to produce certified details for the Insured’s presentation of a claim could be included.

Interest Insured:-

	Gross Profit
	Wages/Salaries
	Rental
	Auditors’ Fees fit