• Principal's Advance Loss Of Profits (ALOP) Insurance

    • Protection from loss from delayed start of business
    • Covers standing charges and additional expenditures
    • A complementary cover to our other policies


Product Overview

Starting a new business can be a complicated process. There are a lot of moving pieces and you’re never absolutely sure when you can get everything going and start making profits. 

An accident in such a situation can further add to your burdens, delaying your profits and affecting your payments and liabilities. 

We designed Principal’s Advance Loss of Profits (ALOP) insurance to help out entrepreneurs through such situations. 

This is an add-on insurance plan that covers the actual loss of gross profits sustained as a result of a delayed start of business operations due to any accident covered under our Contractors’ All Risks policy or the Erection All Risks policy.

Note: The "sum insured" is the gross profits obtained from the turnover of goods produced or handled, services rendered or revenue or rentals achieved in the course of business for a period of 12 months (i.e. normally for the business year). The "indemnity period" (the period during which the insurance will compensate for losses) is determined by the insured, depending upon the replacement period for the building or plant insured, after damages have been suffered.

What's Covered

How to Get Insured

  • Apply by Phone

    Call us at 800 SUKOON (785666) for more information and to enrol over the phone.

  • Apply by Email

    Drop us an email with all your details and we'll get back to you soon.
  • Apply in Person

    Walk into one of our branches to get information, apply, and enrol in person.
Request a call back from one of our insurance experts.

Product Resources

  • No, any loss or damage to items that are immediately affected by the above are not covered. However, your insurance can be extended to cover any loss or damage to the correctly executed items resulting from an accident that happened because of faulty design, defective material or workmanship.
  • No, it's not. It totally depends on you. But we would say that it is advisable.
  • So, this is how it goes. You will need to estimate the maximum value of the stock that you may be holding at a particular point of time during the policy. This will be considered as the sum insured and the premium rate is charged based on this amount. 

    At the beginning of each month, you will need to declare the highest value of the stock that you were holding during the previous month. The same will be considered as the declaration for that month. At the end of the policy period, the premium is adjusted based on the average monthly declarations provided by the insured.
  • To be honest, we don't usually insure plastic factories. However, you can reach out to us and we can come to a decision based on your case.
  • There is no fixed tariff in such cases. The rate/premium is usually decided on a case-to-case basis, depending on your building, the kind of covers you are looking for, and other factors.

See more FAQs

What our customers think

  • So far, I have been very happy with the cover. It is speedy and I particularly appreciate the SMS messages to give ongoing updates about the process.


  • The reimbursement is done in a timely manner. A week's time of processing is good for me. I do appreciate the new form of filing, it is automated, and hence, hassle-free.


  • The action taken upon my request was quick and the allocation of a very good garage like AUTOTRUST was also a wise decision from your side. You guys really care for your clients. Thank you.


  • Firstly, timely response, and staff are motivated to help the customers! I do not have to worry about my car damages as you have gained good faith from me!


  • I really appreciate your quick revert back to my request. So, I am really happy with Sukoon. Thank you so much and see you again in the future.


  • The employee was very co-operative and fast, plus gave me discount. Finished everything online, no need to visit any office.


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