Overview
This guide explains the main features of loss of profits insurance policies, looking specifically at the practical applications when a claim under this type of policy is being considered.
Topics covered include:
- Introduction to final accounts
- policy definitions
- policy cover (gross profit, indemnity period, turnover, adjustments clause)
- policy cover
- savings in charges and expenses.
It also contains annexes that cover specimen policies, clauses and important cases.
Content
Preface to the second edition
Preface to the first edition
Chapter 1. Introduction to final accounts; variable and fixed costs
Chapter 2. The insured; the business; the premises
Chapter 3. Gross profit; indemnity period; turnover; adjustments clause
Chapter 4. Rate of Gross Profit – specimen accounts and calculations
Chapter 5. Increase in cost of working; admissible additional expenditure
Chapter 6. Increase in cost of working (continued); savings in charges and expenses
Chapter 7. The sum insured - establishing the sum insured and checking adequacy
Chapter 8. Dual basis wages; cover and specimen loss calculation
Chapter 9. Salvage sales, accumulated stocks, etc
Conclusion
Appendix A Specimen policies and clauses
Appendix B List of cases
Appendix C Precis of cases
Appendix D Specimen accounts and chart
Index
Details
R.M Walmsley