BI claim due to RSMD peril
We all know that a BI claim is payable only if the loss is admissible under material damage policy and the damage to insured property causes interruption in production causing loss of turnover during the interruption period. Now if there is a strike called by workers who do not allow anyone to enter the plant premises causing production loss, BI claim would not be admissible unless there is a physical loss or damage to insured property leading to production loss. Few years back Maruti Manesar plant suffered production loss for nearly six months due to Rite and Strike by company workers who unfortunately killed one of the senior officials of the company and damaged security gate and cabin etc. Maruti could not lodge BI claim because they did not have BI policy at that time. There was big debate on the point that had they taken BI policy, whether they would have claimed the loss of production under BI policy. IN MY OPINION EVEN IF THEY HAD B I POLICY, NO BI CLAIM WOULD HAVE BE...