
Advance Loss of Profit (ALOP) Insurance provides financial protection against loss of expected gross profit due to a delay in project completion caused by accidental damage to the project covered under a property insurance policy. It helps businesses manage cash flow and financial planning during unforeseen interruptions.
Indemnity Payable Includes:
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Loss of gross profit due to delayed commencement of operations
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Increased cost of working incurred to avoid or reduce the impact of delayed operations