Business Interruption Insurance

Business Interruption Insurance Service By Gk Mf invest Pvt ltd.

The business interruption policy is designed to protect against trading losses by paying loss of gross profit due to reduction in turnover.

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What Is A Business Interruption Insurance

When a property used for a business is damaged by an insured peril, the regular business activities are interrupted causing a serious financial loss in terms of “Loss of Profit” which is not covered by a regular Fire policy.

The purpose of taking business interruption cover is to protect a business against shortfall in sales following an insured loss such as fire or storm etc. It will pay for ongoing costs such as lease of the business premises, payroll and mortgage, as well as covering loss of profits. In effect, the insurer takes the place of business’s customers, making up the resulting loss of gross profit caused by a shortage of turnover. Interestingly, it is known in many forms. In insurance parlance, it is often called “consequential Loss insurance” or “Loss of Profits Insurance” etc.

What does Business Interruption Insurance cover?

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We at Gk Mf invest Pvt ltd. serves the people ,with their desired products
New Delhi , India
Our Services are available across Pan India

Benefits

The purpose of taking business interruption cover is to protect a business against shortfall in sales following an insured loss such as fire or storm etc. It will pay for ongoing costs such as lease of the business premises, payroll and mortgage, as well as covering loss of profits.

In effect, the insurer takes the place of business’s customers, making up the resulting loss of gross profit caused by a shortage of turnover. Interestingly, it is known in many forms. In insurance parlance, it is often called “consequential Loss insurance” or “Loss of Profits Insurance” etc

Cyber Liability Insurance

This policy protects commercial businesses against a wide range of first and third party liability occurring out of cyber exposures.

Office Package Insurance

Insurance which covers damage to your office from various perils

Industrial All Risk Insurance

Policy which covers almost all risks and perils, which a large industry may face during its operation

Commercial Umbrella Insurance

Covers you against unforeseen circumstances which are usually not covered by any standard insurance policy

Importance of Business Interruption Insurance

A business that has to close down while the premises or factory building are being repaired may lose out to competition as its market share is diminished. Any interruption in regular business following fire or other perils could be a major setback that threatens very survival of business, particularly when the margin is so tight. Beside from struggling to stay afloat financially when there is no incoming revenue forthcoming, many business owners eventually see that they fall behind paying their regular bills or wages to their workers.

Nevertheless, there is a way to protect the business from an all-out disaster – the answer is by buying “Business Interruption Insurance Policy”.  It is essential for the businesses to consider business interruption insurance so that the loss of earning is minimized. Contact us to resolve your queries.

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Email: help@gkinvest.in
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Gk Mf invest Pvt ltd.

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We at , Gk Mf invest Pvt ltd. serves the people ,with their desired products.

New Delhi , India

House No.103 Daulatpur Village , New Delhi 110043
New Delhi,India