Business
Interruption

Indemnifies the insured for the amount of loss resulting from interruption or interference to the business at their premises, as a consequence of loss of or destruction or damage to the property insured under Material Damage and Machinery Breakdown.

Get Covered

At a glance

The terms behind your cover.

Ugandan business owner reviewing financial records to assess an interruption claim

Indemnity period

12 months.

Time excess

14 days.

Cover basis

Follows the property insured under Material Damage and Machinery Breakdown.

Audience

Business.

Scope of cover

Loss from a reduction
in business activity.

Reduction in business activity

Loss resulting from a reduction in business activity.

Interruption at your premises

Interruption or interference to the insured business at their premises.

Following insured damage

Physical damage caused by a peril covered under the underlying property insurance policy.

Policy extensions

All seventeen extensions
stated in the document.

Every extension listed in the source product information is retained below. Their operation remains subject to the issued policy wording.

Accumulated stock clause

Values accumulated stock beyond normal levels, subject to terms.

Customers & suppliers premises extension

Loss following damage at customers' or suppliers' premises — up to Ushs. 50,000,000.

Adjustment clause

Adjusts the premium to actual results at the end of the period.

Alternative trading clause

Recognises income earned from alternative trading after a loss.

Automatic reinstatement of loss clause

Restores the sum insured after a loss, where the policy allows.

Departmental clause

Applies the cover separately to each department of the business.

Denial of access clause

Loss when access to the premises is prevented by nearby damage.

Deterioration of undamaged stock

Loss from deterioration of undamaged stock after an incident.

Expediting expenses clause

Extra costs to speed up the return to normal trading.

Failure of supply from public utilities

Loss following interruption of public utility supplies.

Fines and damages clause

Contractual fines and damages incurred following a covered loss.

New / additional premises clause

Extends cover to new or additional business premises.

Professional Accountants clause

Accountants' fees to produce claim information — up to Ushs. 10,000,000.

Salvage sales clause

Recognises income from salvage sales after a loss.

Storage clause, transit within Uganda

Covers stock stored or in transit within Uganda — up to Ushs. 20,000,000.

Uninsured standing charges clause

Recognises standing charges not insured under the policy.

Indemnity period

The maximum period over which loss is assessed — 12 months.