Advance Loss Of Profit

This insurance is commonly referred to as ALOP (Advance Loss of Profits) and is designed to protect the interests of the Principal. The policy offers cover against loss of anticipated earnings/profits due to the delay in commissioning of the project following a loss covered under the project insurance policies. It is normally written in conjunction with CAR/EAR Insurance. The cover is designed to protect the Gross Profit or Gross Revenue that the Principal anticipates earning following the completion of the Contract. 

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