production MAY BE HALTED BUT costs continue

As a rule, major property damage caused, for example, by fire, leads to a substantial interruption in operations. The financial consequences of a shutdown are often greater than the loss or damage to buildings or manufacturing equipment, which can be covered by property insurance policies. Loss of earnings insurance covers continuing expenses such as wages, salaries, lease payments and operating profit. For the duration of the period of coverage (typically 12 to 24 months), the policyholder will be put in the position as if no damage had occurred at all. Loss of earnings insurance (also known as business interruption insurance) can cover various damage scenarios such as, for example, fire, storms, earthquakes, floods and snow damage up to and including all-risks coverage. 

As part of our service, we at the GGW Group can offer you extensive coverage concepts designed to meet your needs.