Insured Standing Charges definition

Insured Standing Charges all standing charges are insured unless otherwise specified in the declarations, in which case only those standing charges so specified are insured. The following shall in no event be deemed to be standing charges: (i) Depreciation of Stock; (ii) Bad Debts; (iii) Wages and salaries other than salaries to permanent staff and wages to foremen and important employees whose services would not be dispensed with should the business be interfered with or interrupted.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Insured Standing Charges means all standing charges unless otherwise specified in the Declaration Page(s) in which case only those standing charges so specified are insured.

Insured Standing Charges means all standing charges are insured unless otherwise specified, in which case only those standing charges so specified are insured. The following shall in no event be deemed to be standing charges:

Examples of Insured Standing Charges in a sentence

• If any standing charges of the business be not insured by this policy then in computing the amount recoverable hereunder as Increase in Cost of Working that proportion only of the additional expenditure shall be brought into account which the sum of the Net Profit and the Insured Standing Charges bears to the sum of Net Profit and all the Standing Charges.

• Profit the amount of the Insured Standing Charges less such a proportion of any net trading loss as the amount of the Insured Standing Chargesbears to all the Standing Charges of the business.

• GROSS PROFIT – The sum produced by adding to the Net Profit the amount of the Insured Standing Charges, or if there be no Net Profit the amount of the Insured Standing Charges less such a proportion of any net trading loss as the amount of the Insured Standing Charges bears to all the Standing Charges of the business.

• Gross Profit – The sum produced by adding to the Net Profit the amount of the Insured Standing Charges or, if there is no Net Profit, the amount of the Insured Standing Charges less such a proportion of any net trading loss as the amount of the Insured Standing Charges bears to all Standing Charges of the business.

• As an alternative, the sum insured may be based upon the total of the anticipated annual amount of the Insured Standing Charges added to the estimated annual Net Profit (before deduction of any Government taxation on profits).

More Definitions of Insured Standing Charges

Insured Standing Charges means all continuing business expenses except:

Insured Standing Charges means standing charges specified on the declarations Page or, if not specified, all standing charges.

Insured Standing Charges or if there is no “Net Profit” the amount of the “Insured Standing Charges” less such a proportion of any net trading loss as the amount of the “Insured Standing Charges” bears to all standing charges of the business.

Insured Standing Charges bears to the sum of the “Net Profit” and all “Standing Charges”. c This Insurer shall not be liable for any loss due to fines or damages for breach of contract for late or non-completion of orders, or for any penalties of whatever nature. d In case of loss or damage by a peril insured against, the insurance provided by this Form extends to insure any increase of loss resulting from, or contributed to by, the operation of any by-law, ordinance or law which regulates zoning or the demolition, repair or construction of damaged buildings or structures, but shall in no way operate to extend the “Indemnity Period”.

Insured Standing Charges bears to all standing charges of the business.

Insured Standing Charges means all standing charges are insured unless otherwise shown on the "Coverage Summary" in which case only those standing charges so specified are insured.