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TOLL FREE - 1800 103 5499
CALL US - 0124-4285499
SMS "CLAIM" to 56677
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Machinery loss of profit covers consequential loss suffered by insured as an inevitable consequence of accidental breakdown of any machinery.
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- Loss of gross profit and/or increase in cost of working due to reduction in Turnover/Output
- MLOP cover is granted only in conjunction with MB cover
- Wilful act or wilful negligence or gross negligence of the insured or his responsible representatives
- Spoilage of raw materials, semi-finished materials or operating media (fuel, catalyst, lubricant etc.)
- Restrictions imposed by law enforcing authority
- Extensions of the normal repair period beyond 4 weeks due to
- Inability or delay of insured in securing replacement parts or delay in carrying out repairs.
- Customs restrictions
- Transport of damages or replacement parts to and from the insured premises. Alterations, improvements or over-hauling made while repairing.
- War and allied perils, Nuclear Perils
- Any defects existing at the time of commencement of the policy which as known to the insured.
- Intangible losses such as loss of good will, loss of customers etc.
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