What is Loss of Profit Policy?
This policy covers the diminished profits and continuing fixed expenditures if your company stops or slows down its operations due damages caused by fire or additional coverages.
Damages that may occur in a workplace due to fire or other risks are covered by the fire policy. However, material losses that may arise after these damages occur (diminished turnover, increased expenses, etc.) are covered by loss of profit policy.
The situations for which loss of profit coverage will be provided are freely determined by the insurer and the insured among the situations covered in the fire insurance.
Loss of Profit Policy
Commercial Risks
Industrial Risks
Compulsory Insurance Coverage
Loss of Profit Caused By Fire, Lightning, Explosion and Additional Coverages
Insurance Coverage
Loss of Profit Caused by Earthquake and Volcanic Eruptions.