Insurance claim for loss of profit

Accountancy

1. Sir what happens if idemnity period(5months) > total period of business disruption due to fire(6 months). Should we limit to calculate loss of profit for the period of indemnity(5months)? Even though the business disrupted(6months).

Balaji R

CA Final

★ 20K+

28-Aug-21 21:54

511

Answers (1)

Yes

CA Suraj Lakhotia

Admin

29-Aug-21 08:35