Multiple choice

MLOP stands for

  1. Machinery Loss Of Profits Policy

  2. Machinery Loss Of Policy

  3. Mechanical Loss Of Policy

  4. Motor Loss Of Policy

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

MLOP stands for Machinery Loss Of Profits Policy. MLOP insurance indemnifies the actual loss of gross profit sustained as a result of a business interruption caused by an accident covered under machinery insurance.