Machinery Loss of Profit Policy is to indemnify the Insured
against trading loss which invariably follows machinery damage
due to the reduction or complete stoppage of production.
Under machinery Breakdown Insurance indemnity is provided,
in respect of damaged or destroyed machinery, solely for the
material loss sustained by the Insured. In most cases a material
loss also causes an interruption or interference of the Insured's
business operations.
Machinery Loss of Profit Insurance covers for the actual loss
of profits sustained as a result of a business interruption
caused by an accident indemnifiable under Machinery Breakdown
Insurance. The term accident is defined as any unforeseen
and sudden physical loss of or damage to the machinery.
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