Machinery Loss of Profit Insurance PolicyMachinery Loss of Profit Insurance Policy

Machinery Loss of Profit
Insurance Policy

  • Introduction
  • What’s covered ?
  • What’s Not covered?
  • Why Choose HDFC ERGO?

Introduction

 

Your business is an extension of you. It is the sum of the efforts and aspirations of your staff and your near and dear ones.

When it comes to protection of your business and assets, HDFC ERGO is known as the best insurance firm who’ll get you back on your feet with minimal fuss. In fact, we go one step further and cover you for the losses you incur from disruption to your business following a fire. So that you can catch a break knowing that the best people will support you through the financial consequences – the after effects of the devastation.

HDFC ERGO is with you all the way till your business is restored to its pre-damaged level.

This policy is Ideal for SME’s and Corporate alike, those who need coverage for their business against uncontrollable situations that can devastate property and businesses.

 

What’s Covered?

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MLOP cover is issued in conjunction with MB Cover.

In the event of any interruption to your business as a result of damage to your machineries due to any peril insured under the Machinery Breakdown Policy, Read More...

What's Not Covered?

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Willful act or willful neglect or gross negligence

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Loss or damage caused by any existing faults or defects at the time of commencement of this insurance within the knowledge of the insured or his responsible representatives.

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Shortage & destruction deterioration and spoilage of or damage to raw materials, semi finished or finished products or catalyst or operating media (such as fuel, lubricating oil, refrigerant, Read More...

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Extensions of the normal repair period for more than 4 weeks on account of – The inability to secure or delays in securing replacement parts, machines or technical services. Read More...

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Political Risks

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Nuclear reactions, nuclear radiation or radioactive contamination

Extensions

For an additional premium, the policy can be extended to cover the risk of terrorism.

Sum Insured

Gross Profit (i.e. Net profit + Standing Charges)

Premium

Premium depends upon:

  • Annual Gross Profit
  • Time required for repair/ or replacement of equipment
  • Spare parts availability and criticality of equipment
  • Indemnity Period

Excess

The policy is subject to a compulsory excess.

Why HDFC ERGO?

Secured Over 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans and add on covers for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received ICAI Award of the Year for excellence in financial reporting FY:18-19
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans and add on covers for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received ICAI Award of the Year for excellence in financial reporting FY:18-19
Awards & Recognition
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