Machinery breakdown loss of profit
This plan is an optional cover that could be purchased to supplement the Machinery Breakdown Takaful Plan.
This plan protects the loss of gross profits and/or increased cost of working due to a continuing interruption to business caused by a breakdown covered under the Machinery Breakdown Takaful Plan. The interruption usually comes in the form of time spent in arranging repairs, awaiting delivery of repaired or replacement parts (sometimes from overseas), starting up the plant and re-activating the business.
With increasingly sophisticated machinery and longer delivery periods from manufacturers, any such interruption is a cause of great concern to the owners especially when the cash flow dries up, standing charges are not met, wages and creditors remain to be paid and shareholders looking for a profit, the protection of this MBLOP Takaful plan is ideally suitable.
