Machinery Loss of Profit (MLOP) Insurance

AIICO Insurance provides cover for the actual loss of gross profit sustained as a result of a business. This interruption follows an accident that can be indemnified under Machinery breakdown insurance.

The policy covers the following:

  • The net profit 
  • The continuous business expenses (standing charges)
  • The salaries and wages paid to employers
  • The increase in cost of working i.e. the additional expenditure necessarily and reasonably incurred for avoiding or diminishing a reduction in turnover.
  • Auditor’s fee

Who purchases this cover?

This is for corporate and Individual business owners.

Speak to an AIICO Staff or Agent today. You may also reach us via our website; www.aiicoplc.com. Contact us on aiicontact@aiicoplc.com.

About Us

AIICO Insurance Plc., is the leading life insurer in Nigeria.

Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.