Fire Consequential Loss Insurance
Because the loss doesn’t stop when the fire is out.
A fire can damage more than just your property, it can interrupt your entire business. The Fire Consequential Loss Policy (also called Fire Loss of Profit Insurance) helps protect your business from the financial impact of a fire by covering the income you lose while operations are down.
This policy is usually taken alongside a Fire & Perils Insurance cover.
What’s Covered:
- We cover the loss of gross profit if your business is forced to slow down or stop after
a fire. - We cover fixed operating expenses, like salaries, rent, and utility bills, even if your
business isn’t generating income. - We also cover the additional costs you might spend to keep the business running after a fire (e.g., renting temporary space or equipment).
- You can choose a coverage period, typically 6 to 12 months, depending on how long
it might take for your business to recover.