Machinery Loss of profit Insurance (MLOPI)
For all loss of profits from damage to the machinery, compensation for standing charges, profit loss etc., complementary to existing Machinery Insurance.
Product Overview
When your factory or plant machinery is damaged, the losses you suffer are far beyond just the cost of repairing them. There is the loss of income, the regular profit and the burden of the standing charges, to name a few.
Our Machinery Loss of Profits (MLOP) insurance can support you by covering these costs until the time you can resume regular operations.
MLOP insurance covers the actual loss of gross profits sustained as a result of the business interruption caused by an accident that's covered under Machinery Insurance.
Coverage
Factors
News
Scope of Cover
The continuing business expenses (standing charges) including the salaries and wages paid to employees.
The net profit.
The increase in cost of working, i.e. the additional expenditure necessarily and reasonably incurred for avoiding or diminishing a reduction in turnover.
Pioneer Best has given us the following rating:
‘AAA’ & ST-1 Credit Rating for the 13th Consequtive year
The Company has been assigned “AAA” rating by Alpha Rating
Why Choose Us?
Certified Insurance
In the new era of technology we look in the future with certainty and pride, that’s why so.
20+ Years of Experience
In the new era of technology we look in the future with certainty and pride, that’s why so.
24/7 Support Available
In the new era of technology we look in the future with certainty and pride, that’s why so.
