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; Contact us on

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.