Self-Employed Treatment Policy - The Co-operative Insurance

Revenue Protection
Business Interruption Section
Definitions
(Also refer to the Policy Definitions at the front of this booklet).
The following definitions apply to this Section and shall keep the same
meaning wherever they appear in the Section.
Notes
1. All terms in this Section exclude Value Added Tax to the extent that
You are accountable to the Tax Authorities for Value Added Tax.
2. Any adjustment made for current cost accounting will be ignored.
Item on Increase in Cost of Working
Damage
As described in the Property Damage Section.
Premises
Any Premises where You are conducting Your Business within Great Britain,
Northern Ireland, the Isle of Man or the Channel Islands.
Indemnity Period
The period during which The Business results are affected due to the
Damage, starting from the date of the Damage and lasting no longer than
the Maximum Indemnity Period.
Maximum Indemnity Period
The number of months stated in The Schedule.
Item on Income
Indemnity Period
The period during which The Business results are affected due to the
Damage, starting from the date of the Damage and lasting no longer than
the Maximum Indemnity Period.
Maximum Indemnity Period
The number of months stated in The Schedule.
Cover – Increase Cost of Working
We will indemnify You in respect of Your additional expenditure which has
been reasonably and necessarily incurred to continue The Business during
the Indemnity Period, resulting from Damage occurring during the Period of
Insurance to property used by You at The Premises for the purpose of The
Business to the extent of Cover under the Property Damage Section and
where liability is admitted under a policy of insurance covering Your interest
in such property.
The amount payable will be
1. 25% of the Sum Insured during the first three months of the
Indemnity Period
2. for each subsequent month of the Indemnity Period, an equal
proportion of the balance of the Sum Insured
3. auditors’ or accountants’ charges reasonably incurred for producing
and certifying details of a claim under this Section
less any savings in expenses made due to the Damage.
The total amount payable in respect of any one claim shall not exceed the
Sum Insured stated in The Schedule at the time of the Damage.
Damage
As described in the Property Damage Section.
Premises
Any Premises where You are conducting Your Business within Great Britain,
Northern Ireland, the Isle of Man or the Channel Islands.
Income
The Money paid or payable to You
1. for goods sold or delivered less the purchase cost of stock
or materials
and/or
2. services provided
in the course of The Business at The Premises.
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