Machinery Loss of Profit Insurance
When machinery fails, this policy steps in to cover the income lost during downtime. It helps keep your business financially stable while you get things back on track.
What are the Benefits?
Covers loss of income resulting from machinery breakdown. Helps businesses maintain financial stability during downtime.
Coverage Details
What's Covered
- Loss of income due to machinery breakdown
- Fixed operating costs during downtime
- Increased cost of working to resume operations
What's Excluded
- Non-covered machinery in Breakdown Insurance
- Delay in repairs not due to breakdown
- Business losses due to other causes
- Penalties or fines
- Losses during warranty-covered periods
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