Machinery Breakdown Insurance
Provides cover for sudden breakdowns of industrial equipment. Essential for minimising delays and repair costs in manufacturing and production.
What are the Benefits?
Pays for repairs or replacement of damaged industrial machinery. Reduces financial strain and production delays due to sudden equipment failures.
Coverage Details
What's Covered
- Sudden and accidental damage to machinery
- Repair or replacement cost
- Electrical/mechanical breakdowns
- Internal or external explosion damage
What's Excluded
- Normal wear and tear
- Gradual deterioration or rust
- Breakdown due to negligence
- Consequential losses
- Pre-existing faults
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