BOOK DEBTS CLAUSE

B-Clauses64 Views
banner 468x60

The Insurers will Indemnify the Insured following an Event Insured by this policy during the Period of Insurance to the records of the accounts receivable kept at the Premises in respect of :

  1. All sums due to the Insured from customers, provided the Insured is unable to effect collections thereof as the direct result of such Insured Event.
  2. All interest charges on any loan to offset impaired the collections pending repayment of such sums made un-collectable by such Insured Events.
  3. Any collection expense in excess of normal collection cost and made necessary because of such insured Events.
  4. Auditor’s charges necessarily and reasonably incurred in substantiating any claim under this Section.

banner 336x280

Leave a Reply

Your email address will not be published. Required fields are marked *