Discontinuance of business clause endorsement

D-Clauses89 Views
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If the business insured is discontinued after the occurrence of the insured event, the indemnity shall be paid for the period (up to the maximum indemnity period) which would normally have been required to bring the business insured back to normal. In the event that the insured controls the circumstances because of which the business insured is discontinued, the said indemnity, shall not be payable in full. The insurer shall only indemnify the insured for that part of the said indemnity which equals unavoidable insured expenses actually incurred.

All other terms and conditions of this policy remain unchanged.

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