Loss of Profit Following Machinery Breakdown

In most cases, the loss of gross profit arising from damage to machinery far exceeds the cost of repair or replacement. This policy covers against loss of gross profit following indemnifiable damage to machinery.

Major Exclusions

  • Loss or damage due to fire and extraneous perils.
  • Loss or damage due to the imposition of abnormal conditions directly or indirectly from testing, intentional overloading or experiments.
  • Loss or damage for which a supplier, contractor or repairer is responsible either by law or under contract.
  • Loss or damage caused by any faults or defects existing at the time of commencement of this policy with in the knowledge of the Insured or his representatives, whether such faults or defects were known to the Insurers or not.
  • War and kindred risks
  • Wear and tear
  • Others 
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