Hit by unrest, Kashmir entrepreneurs pitch for ‘Business Interruption Insurance’

Federation Chamber of Industries Kashmir Sunday called for introduction of a special indemnity product—Business Interruption Insurance— in Kashmir to cover the losses the local enterprises suffer during untoward situations in Kashmir. The demand has come at the time when the local business community and industrialists are witnessing worst slump due to closure of commercial activities for about five months in the ongoing unrest in Kashmir. President, Federation Chamber of Industries Kashmir, FCIK, Er Mukhtar Yusuf, said the insurance product, once introduced, would relieve the industrialists from the anxiety and they…

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