Get Business Interruption Calculation Sheet

The Business Interruption Calculation Sheet is an essential tool for determining your insurable gross profit in the event of a business disruption. This guide provides clear, step-by-step instructions to help you accurately complete the form online, ensuring that you capture all necessary information for your insurance needs.

Follow the steps to successfully complete the Business Interruption Calculation Sheet

1. Click ‘Get Form’ button to obtain the Business Interruption Calculation Sheet and open it for editing.
2. Begin by entering your Total Turnover/Sales, which is the revenue generated from your business at your business premises.
3. Next, input your Closing Stock & Work in Progress into the specified fields.
4. Then, enter your Opening Stock & Work in Progress. After these entries, calculate Sub Total A by adding Total Turnover/Sales and Closing Stock & Work in Progress, then subtract the Opening Stock & Work in Progress.
5. If applicable, list any Nominated Uninsured Working Expenses in the designated section. This includes expenses such as purchases of consumables, stock, commissions, and wages.
6. Calculate the Total Uninsured Working Expenses by summing the nominated expenses and subtract this total from Sub Total A to arrive at Sub Total B, which represents your Insurable Gross Profit.
7. Proceed to enter any necessary adjustments for the trend of business, both since the last accounting period and during the policy period. Ensure that you document these adjustments in the respective fields.
8. Once you have completed your adjustments, your Insurable Gross Profit for a 12 month Indemnity Period will be visible. Multiply this figure accordingly if you need to extend to 18 or 24 month Indemnity Periods.
9. Calculate your insured Rate of Gross Profit by dividing Sub Total B by Sub Total A.
10. Lastly, review the section for optional covers and enter any additional costs that may apply to your situation, such as additional costs of working or outstanding debtors.
11. After verifying all entries are accurate, save any changes, and download, print, or share the completed form as necessary.

Start filling out your Business Interruption Calculation Sheet online today.