Liberty Commercial Premises insurance (Castellano)
3. Permanent general costs
The insurer shall indemnify the permanent general costs borne by the insured during the interruption of his business activities.
Maximum indemnity period: That set forth in the schedule of the policy.
THE FOLLOWING IS NOT COVERED:
a. Any delays in opening the business premises that are not strictly related to repairing the damage caused by the loss guaranteed by this cover,
b. Indemnity for consequential losses when the insured business premise does not resume its business activities after the loss, unless such delay is due to "an act of God", in which case the insurer shall indemnify the permanent general costs incurred or the daily indemnity agreed until the time that it became evident that it was not possible to resume business activities.
Notwithstanding the foregoing, if, due to "an act of God", the insured is unable to resume business activities in the same insured location, the cover of this insurance policy shall be extended to the reinstallation of the business in different business premises in Spain. In this case, the indemnity period shall not take effect until the work to reinstall the business in a new location begins.
c. Indemnities for consequential losses for any losses that occurred during the voluntary or forced cessation of the insured business premises.
d. From the moment the business goes into liquidation or temporary receivership or bankruptcy or seizure is declared or the company enters into an arrangement with creditors whether judicial or not.
B.6. Machinery breakdown - Electronic equipment
4. Risks excluded from all guarantees