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Engineering Insurance Plans

Machinery Loss of Profit Insurance Policy


Securing your Projects & Future Profits

Features & Benefits

Requirements: As the owner of a thriving business in an industrial sector, you know that your machinery is at the heart of your business. Day in and day out your machines manufacture goods to sell and provide you with the income you need. Should any damage or breakdown occur, it will adversely impact your ability to deliver goods on time and hamper the cash flow. Thankfully, our Machinery Loss of Profit Insurance policy will help your business survive such an adversity.

Benefits: When your business is run on machines, a breakdown or damage to your machinery can be devastating. While you repair or replace your equipment, it can result in time lags and monetary losses. Loss of expected profit can cause problems with your carefully planned finances. This policy will compensate for lost profits as well as any charges and expenses you face as a result of normal business operations stopping.

Sum Insured: This is an indemnity policy. The sum insured is based on the anticipated gross profit of your business and also the indemnity period.

Premium: The amount of the premium payable depends on the following factors.​

  • The​ t​ime required to replace or replenish the equipment
  • Availability of spare equipment
  • Criticality of the equipment, relative importance of machinery
  • ​Age of the machinery


Please read the policy wordings for more information.​​

*Terms & Conditions apply.​​

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Customer Reviews

Customer Reviews

Priyanka Popat


​Thanks Mr. Kaushal and Mr. Rajesh Portability for Mr. Rohit's son is accepted by Health Insurance Underwriting Team. This is a lovely example of ''OUT OF THE BOX'' thinking at LVGI as Dr. Liji has physically examined the boy after discussing the matter with Dr. Asha and Hemlata madam instead of compelling him to go for X-Ray/MRI.​​ Parents of the boy appreciated the way proposal was tackled as parents and the consulting doctor were not of the opinion of taking X-Ray/MRI of the young boy, as he was fit post hospitalization. Thanks to Underwriting Team for thinking differently.​