Breakdown of machinery in any production or industrial outfit interrupts regular operations and also affects revenue streams. Our Machinery Loss of Profits Insurance indemnifies the actual loss of gross profit sustained as a result of such interruptions caused by machinery covered by the SLIC Machinery Breakdown Insurance Policy.
(Eg: Bank loan installments, interest payable, salary to the permanent staff, electricity charges (Fixed cost) etc)
- Policyholder should have an insurable interest on the asset
- Policyholder should be eligible to sign an insurance agreement as per the legislation framework of Sri Lanka
- Insuring property / assets should be within the geographical limits of Sri Lanka
Sri Lanka Insurance is the pioneer insurance company in the island with a history spanning 57 years. Being backed by the state has added to its strength and credibility while it has the most experienced technical knowledge base. Its Life Fund in excess of LKR 152.5 billion and asset base of over LKR 268 billion are unmatched in the industry.