Consequential Loss Insurance

Consequential Loss Insurance compensates you for lost income if your company has to vacate the premises due to any peril covered under your fire insurance policy, such as a fire, lightning. Consequential Loss Insurance covers the profits you would have earned, based on your financial records, had the disaster not occurred.

The policy also covers standing charges that continue even though business activities have come to a temporary halt.

To cover for the loss of gross profit due to reduction in turnover and additional expenses incurred in minimizing the loss of turnover due to an interruption to the insured business by:

  • Fire
  • Lightning
  • Explosion of gas used for domestic purposes only
  • Special perils, which are similar to those, offered under the fire policy.


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