SUPPLIERS AND CUSTOMERS EXTENSION CLAUSE

This Insurance under this section extends to include the actual loss of Business Income sustained resulting from the necessary interruption of or Interference with the Insured’s Business operations as a result of any unforeseen, sudden and accidental physical loss, destruction or damage to the premises of the following named Insured’s third party suppliers and/or customs arising out of a peril which would have been Insured under this Policy.

Named Suppliers ( to be advised by the Insured and agreed with the Insurer prior to Inception ).

Subject to a Sum Insured of ……………………..                  

in respect of each and every occurrence, which is   additional to the Sum Insured stated in the Schedule.

Named Customers ( to be advised by the Insured and agree with the Insurer prior to inception).

Subject to a Sum Insured of ………………………………..  

in respect of each and every occurrence, which is   additional to the Sum Insured state in the Schedule.

Provided that,

  1. The Insurance under this Extension shall only apply within the geographical limits stated within the Schedule or as otherwise agreed with the Insurers.
  2. The Insurer’s liability in respect of any one occurrence shall not exceed the limits shown above.

About the Author

has written 1869 stories on this site.

One Comment on “SUPPLIERS AND CUSTOMERS EXTENSION CLAUSE”

  • Abbas Rizvi wrote on 19 April, 2020, 16:22

    Please review provisio No. 1 and replace the word “Exclusion” with ‘Extension’

    Thank you, Rizvi

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

*

Copyright © 2024 ahliasuransi.com. Ahliasuransi is a registered trade mark. All rights reserved. Managed by PT Ahliasuransi Manajemen Indonesia - Specialist Insurance Training & Consultant.
Powered by WordPress.org, Custom Theme and ComFi.com Calling Card Company.