Business Interruption Insurance

This product provides insurance coverage against financial losses suffered by the insured – legal entity, resulting from interruption of its business activity.

Subject matter of the insurance

• Loss of gross profit, for the period of restoration of the activity but not longer than the agreed upon period of compensation, stemming from reduction of revenue from sale of products/goods/services and increase of operating expenditure.

• By agreement, expenditure reasonably incurred by the insured person for hiring auditors as well as costs for salaries of the staff hired under employment contracts for a certain period of time can also be subject to compensation.

Insurance coverage

• Financial losses which are the direct result of complete or partial interruption of the economic activity (production, trade, services, etc.) following direct material damages to the insured property arising from the sudden and unforeseeable manifestation of a risk covered under the terms and conditions of an Industrial Fire Insurance.