A tale of two ‘gross profit' definitions - and how they could wipe out your perceived claim cover

The catastrophic blaze within Belfast’s Bank Buildings, occupied by Primark, has brought to the fore the absolute need for businesses to ensure they have the correct level of insurance
Richard Willis
GROSS profit. The profit a company makes after subtracting the costs of goods sold from total sales revenue. Correct - when referring to the term in a financial context. But in the insurance industry[...]

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