Posts Tagged ‘MR 1000 – Cover for Loss of Profits following Loss or Damage Covered under Civil Engineering Completed Risks Insurance (CECR)’

Notwithstanding exclusion 5 of the CECR policy, the Insurers shall indemnify the Insured in respect of loss of gross profit actually sustained due to the reduction in turnover and the increased cost of working as defined in this Endorsement, if at any time during the period of insurance stated in the Schedule to this Endorsement the items (or any part thereof) insured under the CECR ... Full story