Corporate Insurance

The Machinery Loss Of Profit Policy is designed to indemnify the Insured against trading loss which invariabily follows machinery damage due to the reduction or complete stoppage of production. Wages and certain overhead expenses will continue to be paid in full and it may be necessary for additional expenditure to be incurred in order to maintain some production during the period necessary to repair or replace the damaged machinery or plant.
It covers the actual loss of profits sustained as a result of a business interruption caused by an accident indemnifiable under machinery breakdown insurance. The term accident is defined as any unforseen and sudden physical loss of or damage to the machinery listed in the policy schedule.