Machinery Loss of Profit Insurance

Machinery Loss of Profit Insurance protects businesses against financial losses arising from the interruption or reduction of operations following an accident to insured machinery. When critical machinery breaks down unexpectedly, this cover ensures that the business can continue to meet its financial obligations despite reduced or halted production.

The policy provides compensation for loss of gross profit, wages, and spoilage, helping businesses maintain stability while repairs or replacements are carried out.

Scope of Cover

This insurance covers loss resulting from business interruption caused by an accident to insured machinery, including:

Loss of gross profit due to reduced turnover.

Wages paid to employees during the interruption period.

Spoilage losses, where cover is extended, including:
Cost of replacing or recovering materials spoiled during processing.

Costs incurred in cleaning affected machinery.