Consequential Loss Insurance


TTIBI places reinsurance treaties of tap, the opportunities in the growing market, has recently forayed into Reinsurance Broking arena a well. With a highly experienced team, TTIBI aims to cater to the dynamic needs of its clients in India and abroad. The team is highly committed to adopt innovative approaches and work towards the best interest of the clients in procuring the right insurance cover at the right price with focused service levels. TTIBI is dedicated to its clients for the protection of their assets, liabilities and their product lines.

Generally insurance policies cover only physical damage to property by insured perils. This, at best, covers the expenses incurred for repairing or replacing the damaged property. But what about the financial loss suffered due to interruption of business operations whilst the damaged property is being repaired or replaced?

This policy offers a solution by covering profit lost due to reduction in turnover arising from interruption of business following damage to the property insured.

This policy also known as Business Interruption Policy or Loss of Profit Policy can be taken only in conjunction with Fire Policy or Machinery Breakdown policy.