Policy covers business interruption losses consequential upon material damage as defined in the respective policies. The indemnity is provided against loss of net profit, loss of insured standing charges and increased cost of working. Insured has the option to select the key items of the Plant where stoppage would seriously interrupt the business, e.g., steam boiler, turbo alternators, transformers, major process machinery and so forth for Material damage + Loss of Profit. It is a condition under MLOP that a claim must first be admitted under the concurrent material damage (Machinery or Boiler) Insurance policy before a claim becomes admissible under the MLOP. However, if no payment is made solely as a result of an excess under the material damage policy, i.e., the liability admitted, the MLOP loss will be admissible.