Business Interruption   

Business Interruption

This cover is provided as an individual clause under the comprehensive Property insurance /see Property Damage/.

Bulstrad Vienna Insurance Group provides insurance cover against Loss of Gross income (net income + normal operating expenses), as a result of a business interruption caused by the occurrence of an insured event which has led to the following, separately or together:

  • decrease in sales turnover;
  • additional expenses incurred for urgent measures taken after the event, for maintaining the same or different sales turnover;

You can select and agree on different periods subject to compensation:

  • 6 months
  • 12 months
  • 18 months
  • Up to 24 months
  • other as agreed

The deductible paid by the Insured as part of the loss may be specified as a percentage, an amount, or a number of days for which Bulstrad Vienna Insurance Group does not owe indemnity.

The sum insured is determined on the basis of the financial results of your company and it corresponds to the estimated amount of gross profit that would be affected in case of an insurance event, over the agreed period subject to compensation. 

 
About BULSTRAD
ZAD "BULSTRAD VIENNA INSURANCE GROUP"
was founded on 31 July 1961. Since then the company has developed all lines of insurance and reinsurance business, such as aviation and marine, in which we have a leading position on the Bulgarian insurance market; cargo and property, motor insurance, construction-and-erection risks, personal lines and others.

In 1967, the Company registered its broking company in London, EUROPEAN INSURANCE AND REINSURANCE BROKERS (EIRB).