Fire and Special Perils Insurance, as mentioned earlier, compensates for material damage only. In other words, the insurer restores the property destroyed to their pre-fire condition. However, the insured has lost in other ways if such property was used for business purposes.

The Business Interruption policy compensates for loss of income so that payroll and other ongoing business expenses can be met. The reasonable additional cost of working incurred in minimizing the loss of income is included in the cover.

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