Page 80 - Binder3

Provisions to Section 4
1. Current Cost Accounting
For the purpose of this section any adjustment implemented in current cost accounting will
be disregarded.

2. Value Added Tax
To the extent that you are accountable to the tax authorities for Value Added Tax all terms in this
section will be exclusive of such tax.

Section 5 – Loss of Revenue

The Cover
In the event of an Incident occurring during the period of insurance we will pay to you the amount of
any loss of Revenue resulting from the Incident less Savings.
Provided always that:

a) insurance is in force at the time of the Incident covering the interest of you in the property against
such Damage; and

b) payment has been made or liability admitted for such Damage or payment would have been
made or liability admitted for such Damage but for a proviso excluding liability for losses below a
certain amount.
Our liability will not exceed the total sum insured.
The amount payable in respect of loss of Revenue will be:

a) the amount by which the Revenue during the Indemnity Period does in consequence of the
Incident falls short of the Revenue in respect of the period in the 12 months immediately before
the date of the Incident which corresponds with the Indemnity Period
b) Additional Expenditure necessarily and reasonably incurred for the sole purpose of avoiding or
diminishing the reduction in Revenue which but for that expenditure would have taken place
during the Indemnity Period in consequence of the Incident but not exceeding the amount of
reduction in Revenue in consequence avoided.
Provided always that:

i) such amount will be adjusted to allow for special circumstances affecting the Revenue either before
or after the Incident or which would have affected the Revenue had the Incident not occurred
ii) if during the Indemnity Period services are rendered elsewhere than at the premises containing the
computer equipment either by you or by others on your behalf the money paid or payable in
respect of such services will be brought into account in arriving at the loss of Revenue during the
Indemnity Period.

5.1 Accountant’s Fees
This section includes in addition to any sum insured reasonable accountant’s fees necessarily incurred
by you for producing any evidence or information as may be required under general condition 3 and
reporting that such particulars are in accordance with your books of accounts, other business books or
documents provided always that the amount payable in respect of any one occurrence will not exceed
the sum stated in the schedule.

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