Make sure BI policies match up

My company was recently appointed on a claim where the business interruption cover had been placed ...

My company was recently appointed on a claim where the business
interruption cover had been placed on an estimated gross profit basis.


The broker had asked the company what the gross profit was in its last set
of accounts and the figure given was put onto the proposal form.


Estimated gross profit policies cover policyholders for the figure insured
as estimated gross profit plus one third, with no average. Policyholders
must declare, by way of an auditor's certificate, the actual gross profit
at the