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Advanced Loss of Profit / Delay in Startup Policy
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Advanced Loss of Profit / Delay in Startup Policy

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A Marine-cum-Erection or Contractor''s All Risk policy covers only physical damage to property which, at best, covers the expenses incurred for repairing or replacing the damaged property.
The Advance Loss of Profit is designed to cover:
- Loss of Gross Profit = Net Profit+Standing Charges
OR
- Loss of Gross Earnings = Turnover-Specified Working Expenses
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Conte Insurance Services

Janakpuri, Delhi
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Call +91-9999950126
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Product Description

A Marine-cum-Erection or Contractor''s All Risk policy covers only physical damage to property which, at best, covers the expenses incurred for repairing or replacing the damaged property.

The Advance Loss of Profit is designed to cover:

  • Loss of Gross Profit = Net Profit+Standing Charges
  • OR
  • Loss of Gross Earnings = Turnover-Specified Working Expenses
  • OR
  • Fixed Operation & Management Costs
  • Debt Service Charges
  • Increased Cost of Working
  • Special Expenses e.g. penalties

The policy pays for the actual loss of gross profit incurred during the period of delay, commencing from the scheduled date of commencement of commercial operation upto the actual date of commencement of commercial operation subject to a time excess and indemnity period selected. The delay, however should have occurred due to a claim payable under marine -cum- erection policy, storage-cum -erection policy or contractor''s all risk policy.


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Advanced Loss of Profit / Delay in Startup Policy

Company Details


About the Company

Nature of BusinessService Provider
IndiaMART Member SinceFeb 2014
Conte Insurance Services (CIS) is a leading composite general insurance intermediary. The company specializes in providing general insurance broking and risk management solutions for corporates and individuals. The company offers insurance solutions to companies and individuals and has hence developed strong relations.
CIS aims to simplify the complex world of general insurance for its customers. It has entered into strategic alliances with all the major insurance companies, and has access to the best products and solutions in the general insurance market.
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