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MACHINERY BREAKDOWN-LOSS OF PROFITS INSURANCE

Basic Cover

The Machinery Breakdown - Loss of Profits provides coverage for loss of gross profit due to reduction in turnover and increase in Cost of Working as a result of an interruption or interference with the business operation following loss / damage under Machinery Breakdown Insurance policy.

Interest / Property Insured

Consideration should be given for this coverage if production depends on key machines and the subject matter to be insured are:

  • Loss of Gross Profit due to reduction in turnover
  • Increase in Cost of Working

Eligible Proposer

Machines owner, project owner, business owner and any person or business organisation that requires coverage for loss of revenue caused by the breakdown of its major operational machine.

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