Comprehensive Machinery Insurance

Comprehensive Machinery Insurance (CMI)


Comprehensive Machinery 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 also covers financial loss, increased cost of operations/ Business Interruption 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.

  • Faulty material, defects in casting, faulty construction, faulty design, cracking or overheating of parts, short circuits and electrical burnouts, faulty erection, explosion (as defined), tearing apart on account of centrifugal forces, failure of operation of safety devices.

    Lack of skill, carelessness, sabotage, falling bodies, electrical over pressure, failure of other machinery connected with it.

  • 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.
    Loss of profit related details such as Turnovers and cost of working which may get affected in case of machinery breakdown.