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What is Understanding FLOP Claims and Standing Charges about?

1) Business interruption or consequential loss insurance (FLOP) provides coverage for losses incurred due to business interruptions following property damage, such as fire. These losses include reduced profits, ongoing expenses, and extra costs of working. 2) The measure of indemnity under FLOP is calculated based on the rate of gross profit, which is the insured

Author

Jagjeet Singh

Language

EN