Machinery Loss of Profit Takaful

What is Machinery Loss of Profit Takaful

MLOP Takaful arrange payments equal to the actual loss of gross profit sustained as a result of a business interruption caused by an accident covered under machinery breakdown takaful.

Risk Covered:

MLOP Takaful arrange payments:

  • 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.

Why I need M.L.O.P?

It is a machinery breakdown loss who cause a stoppage of production and make a financial loss. Coverage is suitable for project contractors; project equipment suppliers; project investors and operators.

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