Standard Turnover means the turnover achieved between the date of commencement of your business and the date of the damage, converted to the selected indemnity period.
Standard Turnover means the Turnover during that period in the 12 (twelve) months immediately before the date of the Damage which corresponds with the Indemnity Period.*
Examples of Standard Turnover in a sentence
Standard Turnover means the Turnover during the period in the 12 months immediately before the date of the Damage that corresponds with the Indemnity Period.
Shortage in Turnover means the amount by which the Turnover during an Indemnity Period, in consequence of the Damage, falls short of the Standard Turnover for that period.
Standard Turnover means the Turnover achieved between the date of commencement of the Business and the date of the Damage, converted to the selected Indemnity Period.
More Definitions of Standard Turnover
Standard Turnover means “turnover” during that period in the twelve (12) months immediately before the date of the loss, destruction or damage by a peril insured against which corresponds with the “indemnity period”.
Standard Turnover means the “Turnover” during that period in the twelve (12) months immediately before the date of the destruction or damage by a peril or perils insured against which corresponds with the “Indemnity Period”.
Standard Turnover means the turnover during that period in the twelve months immediately before the date of the property damage which corresponds with the indemnity period to which such adjustments shall be made as may be necessary to provide for the trend of the business and for variations in or other circumstances affecting the business either before or after the property damage or which would have affected the business had the property damage not occurred, so that the figures thus adjusted shall represent as nearly as may be reasonably practicable the results which but for the property damage would have been obtained during the relative period after the property damage.
Standard Turnover means the turnover earned during that period in the 12(twelve) months immediately before date of Damage, which corresponds with Indemnity Period.Adjusted as may be necessary to provide for the trends of the business and for variations in or other circumstances affecting the business so that the adjusted figures shall represent as far as possible the results, which but for the Damage would have been obtained during the relative period (Indemnity Period) after the Damage. Cover: If there is interference or interruption to Your business during the Policy Period by Damage occurring at premises for which liability has been admitted by Us under Section 1(Fire and Allied Perils) , then We will pay to You the amount of loss following interference or interruption to Your business in respect of items listed below in accordance with the provisions described below: 1. Loss of Gross Profit.2. Accountant’s Charges. Limit of LiabilityOur liability shall in no case exceed in respect of each item the Sum Insured stated in the Schedule or in the whole the total Sum Insured hereby or such other sum(s) as may hereafter be substituted thereof by endorsement duly signed by or on Our behalf. BASIS OF CLAIM SETTLEMENT 1. Loss of Gross Profit:The amount payable under Item 1 shall be limited to Loss of Gross Profit due to:
Standard Turnover means the Turnover during that period in the twelve months immediately before the date of the Accident which corresponds with the Indemnity Period. With respect to the Rate of Gross Profit, Annual Turnover and Standard Turnover, adjustments shall be made as may be necessary to provide for the trend of the business and for variations in or special circumstances affecting the business either before or after the Accident or which would have affected the business had the Accident not occurred so that the figures thus adjusted shall represent as nearly as may be reasonably practicable the results which but for the Accident would have been obtained during the period after the Accident. If during the Indemnity Period goods shall be sole or services shall be rendered elsewhere than at the Location for the benefit of the business either by the Insured or by others on his behalf, the money paid or payable in respect of such sales or services shall be brought into account in arriving at the Turnover during the Indemnity Period.
Standard Turnover means the turnover during that period in the twelve (12) months immediately before the date of the damage which corresponds with the 39 Taphouse Wording at 20 [CB Pt A 175]. The word “damage” is also defined, but IAG accepts that it must be read in this context as the “insured peril”: see IAG at [203].40 Taphouse Wording at 19-20 [CB Pt A 174-1775].indemnity period (appropriately adjusted where the indemnity period exceeds twelve or is less than (12) months
Standard Turnover means the Turnover during that period in the twelve 191 LCA Wording at 28-29 [CB Vol A 31-32].months immediately before the date of the Damage which corresponds with the Indemnity Period (appropriately adjusted where the Indemnity Period exceeds twelve months).”