Machinery Loss of Profit
Insurance Policy

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, this policy enables you to recover:

• Loss of Gross Profit due to a reduction in turnover
• Increased Cost of Working incurred in minimizing that loss of Gross Profit

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, heating media and the like) even if the consequence of material damage to an item indicated in the list of machinery insured is involved.

Any extension 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.
• The inability to carry or delays in carrying out repairs.
• The prohibition to operate the machinery due to import and/or export customs & other restrictions or by statutory regulations.
• Transport of parts to and from the Insured’s premises.

Alterations improvements or overhauls being made while repairs or replacements of damaged or destroyed property are being carried out.