|
|
|
Engineering
and Inspection Insurance >
Machinery
Loss of Profits
Product
summary
The policy
provides cover for profits lost and increased working
costs following damage to machinery.
Key features
- A flexible
policy to cover a wide range of businesses.
- Protection
against Business Interruption following breakdown
by accidental damage.
- Failure
of the public utilities (such as electricity, gas
and water for more than 30 minutes).
- Ability
to protect expanding businesses - cover extends to
pay up to 133.3% of the estimated annual gross profit
sum insured.
- Choice
of indemnity periods.
- Complementary
cover - dovetails with the cover provided under a
Property Business Interruption policy.
Optional
cover available
- Pressure
plant - additional protection can be arranged to cover
explosion of pressure plant equipment.
Exclusions
- Cover
for fire and additional perils of aircraft, lightning,
explosion, riot, malicious persons, earthquake, storm,
flood, escape of water and impact by vehicles or animals.
- Breakdown
of new machinery within 30 days.
- Deliberate
act of the public utility supplier.
- Normal
wear and tear.
- Damage
caused during testing or maintenance.
- Damage
to renewable parts, fuses, brickwork, masonry or foundations.
- Damage
caused by burn through of molten material in a furnace
or damage to linings or brickwork caused by heat.
- Cover
for any loss of profits for the first 24 hours.
- Damage
by terrorism (unless specifically included).
>
Click here to return to the Engineering and Inspection
Insurance menu
Use
the drop down list below to select another page from the
Corporate & Commercial section, or click
here to return to the Corporate & Commercial introduction.
 top
of page
|
|
Corporate &
Commercial
