uninsured working expenses (UWE), turnover trend and rate of gross profit.
As to UWE, he noted that none were listed in the policy schedule. He noted that Mr Kroon contended that in that situation, it was appropriate to permit the insured to use its usual accounting practice to determine what constitutes UWE. In this respect, Mr Flight quote the following comment from the broker, Mr Olbrich:[29]
Case Details
Citation[2021] SASC 123
CourtSASC
JurisdictionSouth Australia
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