Loss of profit (slogan) IPCC/PCC

Poonam Arun Sharma (student) (103 Points)

14 October 2011  

Gandhi Is A Solid Leader And Charming Andaaz

1) G:     Gross Profit-   Net Profit + Insured Standard Charges  * 100

                                               Sales

2) I:       Indemnity Period Turnover : (turnover of dislocation period)

3) A:     Adjusted Standard Turnover - Standard Turnover +/- Trend (if any)

4) S:     Short Sales - Step 3 - Step 2

5) L:     Loss of Profit - Step 4 * Step 1

6) A:    Additional Expenses - wn 1

7) C:    Claim Statement - Loss of Profit                       *****

                                       +Additional Expenses            *****

                                       -Savings                               (*****)

                                        Total Loss                             ******   

             

8) A: Average Clause- Policy Amt                                * Total Loss

                                G.P on Adjusted Annual

                                     Turnover (Wn 2)





WN:1 Calculation of the additional Expenses

Least of the following:

a) Actual Additional Expenses :                                                                               ******

b) G.P on Additional Sales:                                                                                      ******

c) G.P on Adjusted Annual Turnover (wn 2)         *   actual additional expenses      *******

    G.P as above + uninsured charges





WN: 2 Calculation of G.P on Adjusted Annual Turnover:

G.P (Annual T/O  +/_ Trend if any)