Fire and allied perils can cause more damage to the insured premises thus interrupts the business production leading to reduction in turnover thus profit reduction. This cover compensates for the turnover reduction and salaries/wages that are paid while production in the business is interrupted by fire damage .It is essential that the insured have fire material damage policy. This policy covers for loss that has been caused by fire and perils on the insured’s premises.Thus, for business protection and its profitability, it is ideal to take fire consequential loss policy in addition to the fire and perils insurance policy.