Saudi Indian Company for Co-operative Insurance (SICCI) is a joint stock company established in the Kingdom of Saudi Arabia as per Royal Decree No. M60 dated 18/09/1427H. SICCI is a joint venture between Fawaz Al Hokair Group of Companies, KSA, Life Insurance Corporation of India, The New India Assurance Company Limited, India and Life Insurance Corporation (International) B.S.C.(c), Bahrain
This policy offers a solution by covering loss of profit due to reduction in turnover arising out of interruption of business following damages to the insured property by an insured peril. This policy must be takes in conjunction with SICCI's Fire Policy.
Business Interruption Policy Covers:
1. Loss of Gross Profit
2. Increased Cost of working
3. Optional Covers also available for
2. Increased Cost of working
3. Optional Covers also available for
a. Accidental failure of public electricity / gas/ water supply
b. Damage to customer's premises due to perils covered under fire policy
c. Damage to supplier's premises due to perils covered under Fire Policy
b. Damage to customer's premises due to perils covered under fire policy
c. Damage to supplier's premises due to perils covered under Fire Policy