Page 332 - Fire Insurance Ebook IC 57
P. 332
Fire and Consequential Loss Insurance
The surveyor needs the following figures from the
insured's accounts to draw up the final assessment of loss.
n Turnover and gross profit from the final accounts of the previous
financial year, to arrive at the rate of gross profit.
n Turnover during the indemnity period and standard turnover to
determine the shortage
n The increased cost of-working and the turnover maintained
thereby
n The insured standing charges and uninsured standing charges
n The insured standing charges not incurred during the indemnity
period.
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