Why do DSU and BI exclude variable cost?
Variable cost refers to expenses that change proportionally with the level of production or business activity. These costs vary based on the volume of output or the level of sales…
What are the differences between additional increased cost of working cover (AICOW) and increased cost of working (ICOW) cover?
The terms "additional increased cost of working cover" and "increased cost of working cover" are related to insurance policies that provide coverage for financial losses incurred by a business due…
What is Material Damage Proviso Waiver Clause? How Does it Work in a Business Interruption Insurance?
In Asia, it is common to see Material Damage Proviso Waiver Clause in a Business Interruption Insurance policy. However, the wording of this clause always confuses readers. Clause Wording -…
BI Cover: Time Deductible VS Deductible in Number?
In Delay in start up or business interruption insurance, what are the difference between time deductible and deductible in number? What is the Difference between Time Deductible and Deductible in…