24/08/2026
Fire Consequential Loss insurance—also known as business interruption or loss of profits insurance—is a policy that covers the indirect financial losses a business suffers when its normal operations are stopped or slowed down by a fire or other covered disaster. While standard fire insurance pays to repair physical damage to your building, machinery, or stock, Consequential Loss insurance pays for the money you stop making while your doors are closed.
What It CoversLoss of Gross Profit or Revenue: Replaces the income your business would have earned if the fire had not happened
Fixed Standing Charges: Pays ongoing expenses that do not stop just because operations are paused, such as rent, utilities, and loan interests.
Wages and Salaries:
Covers staff payroll so you can keep paying your employees during the recovery period.
Increased Cost of Working: Pays for extra expenses incurred to keep the business running or to speed up recovery (like renting a temporary workspace or equipment).
Auditor’s/Accountant's Fees:
Covers the professional costs required to compile and certify your insurance claim.How It Works.
The Trigger:
A fire or another extended peril (like a windstorm) causes physical damage covered by a standard fire policy.
The Interruption:
Your business operations are partially or totally halted while repairs take place.The Compensation: The policy calculates your loss by comparing your reduced turnover during the recovery period (the indemnity period) to your historical financial records, compensating you for the shortfall.
If you are looking to protect a specific business, tell me: What is the nature of your business (retail, manufacturing, office-based, etc.)?
Are you looking for coverage options available in your region?
I can help you understand what limits or add-ons might fit your setup.
