Consequential Loss


The loss/damages resulting from fire or other allied perils besides bringing physical loss /damage may result in loss of gross profit and incurring standing charges.

These Expenses such as bank interests, employee’s salaries, rent, electricity and other standing charges will continue to be incurred despite of the loss of revenue.

Such financial losses suffered due to loss of gross profits on account of reduction in turnover and standing charges incurred during the period of interruption due to an insured peril are compensated under this insurance.

This policy is intended to cover loss of Gross Profit following material damage as a result of fire, lightning, Storm, hurricane, earthquake, volcanic eruption, flood, impact damage, etc (or other insured peril) at your premises.

Business Interruption Insurance covers loss of profits of a business due to reduction in the turnover caused by a loss or damage that is covered in the Fire & Allied Perils policy. The insurance includes cover for Increased cost of working following the loss as well as the standing charges of the business that continue even though business activities have come to a temporary halt.

  • Risk Covered
    • Protection for your business properties:

      Business equipments, Office contents, Portable equipments (notebook computer, mobile phones etc.); Loss of rent; Business money in transit/ premises; with many more additional benefits.

      Protection for increased working cost:

      Covers the increased expenses to maintain your business immediately following an accidental loss or damage to your property.

      Protection for your liability

      Workmen’s Compensation as per labor laws and employer’s liability. Legal liability to third parties and the landlord against any bodily injury or property damage.

      Optional cover


      We will cover your business premises/building against accidental loss or damage.

      Goods in transit

      We will cover accidental loss or damage to your goods whilst in transit within the country.

      Computer breakdown

      We will pay for sudden and unforeseen breakdown of computer equipment.

      Fidelity Guarantee

      You can choose to cover against misappropriation of money/goods by employees with fraudulent/ dishonest motives.

      Loss of gross profit

      Loss of profit during the period of business interruption following an accidental loss or damage arising out of the reduction in turnover.

      Product liability

      We will give you protection against legal liability arising out of any product or service sold or supplied by you which results in injury or damage to third parties.

      Personal accident

      Accidental bodily injury to employees resulting in death or disablement.

  • Key Benefits
    • A business that has to close down completely while the premises are being repaired may lose out to competitors. A quick resumption of business after a disaster is essential.

      Without business interruption insurance, both your business and personal savings may be needed to salvage or maintain the business. If these savings are not available, the business may never resume and could be forced into bankruptcy.

  • Information Required
    • Annual Turnover
    • Audited Accounts
    • Stand by or alternate arrangement in case of mishap
    • Auditors

Consequential Loss

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The PII held its second International Insurance Conference at Sheraton Hotel, Karachi from 10th-12th April, 2012.

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