The insurance policy shows that the following cover has been put in place.
Estimated Gross Profit – Sum Insured
£750,000 + 1/3rd
Uninsured Working Expenses
Purchases adjusted for opening and closing stock, discounts and bad debts.
It must again be stressed that each policy is different, and this is particularly so with Business Interruption policies. Therefore, it is imperative that you as Broker are aware of the actual wording of the policy you are selling.