Machinery Loss of Profit Insurance

• 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