Insurance Brokers & Consultants
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 […]
ADDITIONAL INCREASED IN COST OF WORKING “The insurance under this item is limited to increase in cost of working (not otherwise recoverable hereunder) necessarily and reasonably incurred during the Indemnity Period in consequence of the damage for the purpose of avoiding or diminishing reduction in Turnover and/or resuming and/or maintaining normal business operations and/or services.” […]
ACCIDENTAL FAILURE OF PUBLIC SUPPLY Risks : BI Any loss as insured by this policy resulting from interruption of or interference with the Business in consequence of loss destruction or damage at the undernoted situations or to property as undernoted shall be deemed to be an incident. The Contingencies The accidental failure of The public […]