Machinery Breakdown

Introduction

Machinery insurance policy provides compensation in the event of any accidental electrical and mechanical breakdown to the machinery of owners, mortgagers and Lessor or hirer of machine such as:

  • All types of industrial machinery like compressors, pumps, turbine etc.
  • Electrical machines like transformer, electrical motor, generator etc.

Cover loss or damage to machinery as a result of accidental electrical and mechanical breakdown due to:

  • Defect in casting and material
  • Faulty design
  • Faults at workshop or in erection
  • Bad workmanship
  • Carelessness
  • Physical Explosion
  • Short-circuit
  • Falling objects
  • Entry of foreign bodies
  • Tearing apart due to centrifugal force
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Key Features

  • Physical Damage of the Machinery
  • Consequential Losses due to non-operation of the machinery.
  • Owners or Operators Surrounding Property
  • Third Party Liability.

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Contractors All Risks (CAR)

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Erection All Risks (EAR)