- Loss of, or damage to, your accounting books, or other business books or records (which result in you being unable to trace or determine your outstanding debt balances) at your premises, or the residence of a director, member, partner or employee, in transit to, or from, the premises or residence of your director, member, partner, employee, or to your accountant.
- Reasonable increased collection costs and expenses which you incur as a result of the loss of, or damage to, your business books.
In a nutshell
King Price gives you the peace of mind you need to grow your business with confidence and explore different business opportunities, knowing that you’re properly covered against credit risks… Like your clients going insolvent. By ‘accounts receivable’ we mean the total amount due to you by your clients, as set out in your accounting records. This amount is adjusted for bad debts and any abnormal trade conditions that could have a material effect on your business… So that the amount you choose to cover, and for which you may claim, closely represents the amount due to you.
Loss or damage to property due to or caused by:
- Wear and tear or gradual deterioration.
- Moths or vermin.
- Detention or confiscation by any lawfully constituted authority.
- Electrical, electronic or magnetic damage (unless you have duplicates stored at a different premises).
- Fraud or dishonesty by your principal, director, member, partner or employee.
