Machinery Breakdown Insurance is an accident insurance for machinery and provides coverage against unforeseen and sudden physical loss or damage to the Insured's machinery caused by:
In principle all stationery, mobile and moveable machinery and equipments e.g. steam boiler and piping/steam pressure vessel, transformer, switchboard and switchgear, electronic motor, rectifier, compressor set, generator set, turbines, lift/crane, air conditioning unit, refrigerating unit, process plant, furnace, presses etc.
Machinery may be new or used provided it is in proper operating condition.
Machines owner, project owner, business owner and any person or business organisation that requires coverage for machines to manage the financial risk of the unexpected.