Comprehensive Machinery Insurance

Comprehensive Machinery Insurance

Summary

Fire represents one of the greatest hazards that an organization can encounter. Each year several thousands of lives are lost to fires, tens and thousands of people are injured, and huge amounts of financial losses are sustained due to destruction of property or damage by fires.

Every organization is exposed to the possibility of fire losses irrespective of its nature and a fire loss can seriously hinder it from achieving its objectives or even totally destroy it.

  • Machinery Breakdown Insurance offers protection against sudden and unforeseen physical loss or damage to machinery, which has been erected and is operational or at rest.

    This is a policy which covers financial loss incurred by the insured due to loss or damage to machinery as a result of sudden accidental electrical and/or mechanical breakdown due to internal defects and/or external sources.

  • Loss of profits for an entire plant and machinery in operation including other property like buildings, stock, goods in process etc are covered.

  • Machine Specification:
    (type, output, capacity, speed, load, weight, voltage, amperage, cycles, fuel, pressure, temperature, etc). Year of manufacture and Machine Operators