Insurance Brokers & Consultants
DEPENDENCY CLAUSE Risks : BI This policy is extended to cover loss as insured by this policy which results in any of the following and shall be deemed to be loss resulting from damage to Property used by the insured at the premises for the purpose of the business. Damage to any property whatsoever: • […]
CLOSURE BY ORDER OF A PUBLIC AUTHORITIES Risks : BI Notwithstanding anything contained in this policy to the contrary, loss as insured by the Policy resulting from interruption of or interference with the Business directly or indirectly arising from : (a) closure or evacuation of the whole or part of the Premises by order of […]
AUDITORS’ CHARGES CLAUSE-BI Risks : BI The liability of underwriters is limited to the reasonable charges payable by the insured to their auditors for producing and certifying any particulars or details contained in the insured’s books of account or the business books or documents or such other proofs, information or evidence as may be required […]
APPORTIONMENT OF RECOVERIES CLAUSE Marine cargo It is hereby understood and agreed that where recovery is obtained form a carrier or other third party such recovery shall be apportioned between the Assured and the Underwriters in the same proportion as the respective parties hereto borned the loss Baca Juga : Business Interruption Insurance Contingent […]
ALTERNATIVE TRADING CLAUSE Risks : BI If during the indemnity period goods shall be sold or services be rendered elsewhere than at the premises for the benefit of the business either by the Insured or by others on the Insured’s behalf the money paid or payable in respect of such sales or services shall be […]
ACCUMULATED STOCK Risks : BI In adjusting any loss account shall be taken and an equitable allowance made if any reduction in Turnover due to the incident is postponed by reason of the Turnover being temporarily maintained from accumulated stocks of finished goods. OTHER VERSIONS In adjusting any loss account shall […]