Machinery Loss of Profits Insurance

Machinery Loss of Profits Insurance

Machinery Loss of Profits Insurance is designed to protect businesses against the financial impact of downtime due to machinery breakdown. This policy indemnifies the actual loss of gross profit resulting from such interruptions, ensuring that your business can sustain its operational and financial health during recovery periods.

All Property Insurances

Benefits

Net Profit

  • Covers the loss of net profit due to machinery breakdown.

Standing Charges

  • Covers ongoing fixed costs incurred during the interruption period, such as bank loan installments, interest payable, salaries to permanent staff, and utility charges.

Eligibility

  • Policyholder should have an insurable interest in the asset.
  • Must be eligible to sign an insurance agreement as per the legislation framework of Sri Lanka.
  • Insuring property/assets must be within the geographical limits of Sri Lanka.

This policy is crucial for maintaining business continuity by safeguarding against profit losses during periods when critical machinery is out of operation.


*Terms and Conditions Apply

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