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MACHINE & EQUIPMENT INSURANCE

Basic Cover

The Machine & Equipment policy provides coverage for all non-mobile equipments from loss or damage caused by:

  • Fire and lightning
  • Accidental loss or damage
  • Theft consequent upon actual, forcible and violent entry into or exit from the premises

Interest / Property Insured

All non mobile equipment eg office equipment, industrial and commercial equipment such as plastic moulding machine, printing press etc.

Eligible Proposer

Any person or business organisation that requires coverage for non mobile business equipment.

Premium

Premium is calculated based on the trade of business or occupation, full description of insured equipment, location of premises and the classification of building construction where the insured equipment is kept and the sum insured.

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