In the event of a major loss caused by fire, there could be an interruption in business operation leading to a reduction in turnover, resulting in possible loss of profits. However, standing or fixed charges continue to accrue regardless of whether there is anyrevenue. Such loss cannot be covered under the fire policy.
Our Consequential Loss Policy compensates for the revenue loss suffered by the enterprise. Hence, for complete protection to the business enterprise and its profitability, Consequential Loss Policy is essential in addition to our Fire Insurance Policy.

Cim Insurance broadly covers

The loss of profit on account of interruption of business, consequent upon material damage to property caused by fire or any other insured peril under the Standard Fire and Special Perils Policy.
Standing charges which continue to be incurred during the period of interruption will be covered. The reasonable increase in cost of working incurred to maintain the business at its normal operating level, as far as possible will also be covered, so that loss of profit and standing charges are avoided or minimised.