Machinery Loss of Profit (MLoP) – Wordings & Clauses (download here)
- Wednesday, December 23, 2009, 17:17
- E N G I N E E R I N G, Machinery LoP
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MLoP Insurance
- MloP pol.pdf Loss of Profit following Machinery Breakdown Insurance Policy
MLoP Clauses
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- 811 Hull Risk – for Mobile Equipment on Premises only
- 812 Hull Risk – for Mobile Equipment including Inland Transit
- 813 Internal Fire, Internal Chemical Explosion and Direct Lightning
- 817 Underground Machinery and Equipment
- 829 Machinery Breakdown during Guarantee Period
- 831 Inundation and Silting Up
- 832 Flue Gas Explosions in Boilers and Furnaces
- 842 Non-Destructive Testing (NDT) of Presses, Shears and Similar Items with Highly Stressed Frames or Other Components
- 843 Electric Motors and Generators
- 844 Steam, Water and Gas Turbines and Turbo-Generator Sets
- 845 Boilers
- 855 Radioactive Isotopes in Instruments
- 856 Deterioration
- 857 Prolongation of the Interruption Period due to Deterioration
- 861 Increased Cost of Electricity, Water, Gas or Steam Supply
- 862 Maximum Demand Charges
- 863 Additional Expenditure Other than Increased Cost of Working
- 866 Failure of Public Electricity, Water, Gas or Steam Supply
- 891 Delay in Repair
- 892 Indemnity Period Limits Exceeding 12 Months
- 893 Proportional Time Excess
- 894 Sum Insured on Unit Price Basis
Source: The International Association of Engineering Insurers (IMIA)
Source: Munich Re
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IMAM MUSJAB has written 355 stories on this site.
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