What is Machinery Breakdown Loss of Profit?
It is a plan that covers financial loss resulting from machinery breakdown. It is issued concurrently with our Machinery Breakdown Insurance policy.
Product information
Plan overview
- Coverage
- All Risk subject to exclusion
- Plan term
- Annual renewal
The benefit(s) payable under eligible policy is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact TMIM or PIDM (visit www.pidm.gov.my).
Key coverage
Here is an overview of your coverage.
Coverage for financial losses
Compensates for:
- Loss of gross profit.
- Continuing business expenses (standing charges) including the salaries and wages paid to employees.
- Increase in cost of working, i.e., the additional expenditure necessarily and reasonably incurred for avoiding or diminishing a reduction in turnover.
How much is my premium?
Your premium may vary, depending on
- Your risk exposure
- Our underwriting requirements
More product
information
What we
don’t cover
Any loss resulting from interruption of or interference with business attributable to these causes
✖ Loss or damage due to fire and allied perils.
✖ Loss or damage for which a contractor, supplier or repairer is responsible.
✖ Any restrictions or reconstruction or operation imposed by any public authority.
✖ Loss of or damage to machinery or mechanical installations which are not listed in the list of plant and machinery insured.
Note:
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
Important Information
This plan is underwritten by Tokio Marine Insurans (Malaysia) Berhad. All benefits and features mentioned herein are subject to terms and conditions of the policy. It is in your best interest to refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only and is accurate as of 30 June 2012.
Note: You should check that this policy will best serve your needs. You should read and understand the insurance policy, and at all times, feel free to contact us for more information.
You may also be interested in
Tokio Marine Combined All Risks Plus
All Risks Plus provides condominiums, apartments and flats.
SKHPPA
Relieves your worries through covering your foreign workers’ medical fees.
Burglary Insurance
Secures your business against theft.
Directors and Officers Liability Insurance
Protects the personal assets of corporate directors and officers from lawsuits.
Disclaimer
By clicking on “Continue to external site” below, you will leave Tokio Marine Insurance Group’s website and you will be redirected to a third party website.
Choose your country or region
Visit HQ Pages
Visit Country Pages
Select your location and language
-
All
-
All
-
Asia Pacific
-
Australia
-
Americas
-
Europe
Singapore
Malaysia
Australia
You are currently on a site outside of your country Switch to external site?
Visit your local page. If you change your mind, you can use the dropdown at the top navigation to visit other Tokio Marine country pages.
You are currently on a site outside of your country. Switch to local site?
Visit your local page. If you change your mind, you can use the dropdown at the top navigation to visit other Tokio Marine country pages.
