Loss of Profit Following Machinery Breakdown
The policy will indemnify for the loss of profits resulting from the interruption of production or business operations due to loss or damage to machinery, plant or equipment covered under the Machinery Breakdown Policy, including:
- Gross profit
- Salaries and wages
- Audit and other fees
It is important to remember that such policy only covers the loss due to machinery breakdown, but not the loss of your machinery itself. If you wish to cover the loss of your machinery, you may also purchase Machinery Breakdown Insurance.