Business Interuption Insurance (after a physical damage)

Loss of Gross Profit due to reduction in turnover and increase in cost of working incurred by the insured during the Indemnity period

BIC will compensate the insured for amount of loss occurred by:
- Reduction in turnover due to business interrupted during the restoration period (due to re-build or repair the buildings, purchase or import machinery and equipment ...);
- Continuing standing charge (staff salaries, office rents, factory rents…);
- Increase in cost of working (cost of hiring a temporary working place, removing equipments to a safe place, costs for staffs working overtime ..)

BIC will compensate the Insured for such losses in order to keep the Insured’s business growing when the damage occurs.