Machinery Breakdown Loss of Profit Insurance
Machinery Breakdown interrupts our Businesses in various ways; –
- Time spent in arranging repairs
- Awaiting delivery of repaired or replacement parts (sometimes from overseas)
- Starting up the plant and re-activating the business.
First assurance offers a Cover that protects you from the loss of gross profit /or Increase cost of working due to a continuing interruption to business caused by the breakdown.
Whether you are a large, medium or small enterprise, Machines are an integral part of all manufacturing and industrial units and their breakdown can adversely affect your business causing financial strain towards repair and replacement of the accepted machinery.
First Assurance cushions you against such events.
- The continuing business expenses (standing charges)
- Net profit
- Additional expenditure necessarily and reasonably incurred for avoiding or diminishing a reduction in turnover.
- Salaries and wages paid to employees