What is Consequential Loss/Business Interruption insurance?

It is a policy that complements your Fire Insurance policy. It ensures coverage for:

  • Loss of profit
  • Rental
  • Standing charges
  • Wages or salaries on payroll basis
  • Increase in cost of working due to business interruption as a result of fire and/or other extended perils

Key coverage

Here is an overview of your coverage

Consequential Loss/Business Interruption

Consequential Loss/Business Interruption

  • Loss of gross profit (Difference Basis or Addition Basis cover), revenue and rental
  • Standing charges only
  • Wages (Dual Basis or 100% or Pro-rata)
  • Wages and salaries on payroll basis
  • Increased cost of working only
In addition, you may insure the Auditors’ Fees as an additional item under the policy.

How much is my premium?

Your premium may vary, depending on:

  • Cover selected
  • Coverage amount
  • Our underwriting requirements

Download our proposal form under the Product Literature. 

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What we don’t cover

  • Losses due to:
    • Extraordinary events during an interruption
    • Restrictions imposed by authorities on the reconstruction or operation of the business
    • Insufficient capital for timely restoration or replacement of property destroyed, damaged or lost
    • Burning of property by order of any Public Authority
  • Subterranean fire
  • War, civil war and any act of terrorism
  • Radioactive and nuclear energy risks
  • Date recognition
  • Property damage to data or software 
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
Important information

This insurance is underwritten by Tokio Marine Insurance Singapore Ltd. All benefits and features mentioned here are subject to the terms and conditions of the policy. Please refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only.

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