A basic introduction to documentation to support a Business Interruption Claim
This paper provides an introduction to the type of information that is required to compute the amount payable to a policyholder under the terms of a Business Interruption policy.
The writer outlines different types of information that may be obtained from a policyholder and how this information can be used to determine figures such as turnover, gross profit, rate of gross profit, reduction in turnover and savings. The paper includes reference to audited or certified financial accounts, trading profit & loss accounts, management accounts and takings.
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