Examples of Indemnity Period in a sentence
DEFINITIONS Indemnity Period: The period beginning with the occurrence of the Damage and ending not later than number of months specified inthe Schedule thereafter during which the results of the business is affected in consequence of Damage to the Premises caused by Fire & Allied Perils.
The maximum Indemnity Period provided under this extension is 4 weeks.
We will deduct, from any amount payable, any savings during the Indemnity Period in respect of Charges and expenses payable out of Weekly Income as may cease, or be reduced, in consequence of the Damage.
Standard Turnover or Standard Gross Revenue means the Turnover or Gross Revenue which would have been obtained during the Indemnity Period, if the Cyber Business Interruption Event had not occurred and allowing for trends of the Business or circumstances which would have affected the Business irrespective of the Cyber Business Interruption Event occurring.
If Turnover is being derived from goods sold or services rendered elsewhere than at the Premises, then this turnover must be included in calculating the Turnover during the Indemnity Period.