Machinery Breakdown Insurance
Machinery Breakdown Insurance protects your business from unexpected damage or breakdown of machines used in production. It covers sudden and unforeseen physical damage to machinery caused by risks not specifically excluded in the policy.
Whether you run a large factory or a small workshop, a breakdown can stop operations and lead to costly repairs or replacements.
This insurance helps reduce the financial burden and keeps your business running smoothly
What It Covers:
- Sudden and accidental damage to machinery while in use or at rest
- Mechanical or electrical breakdowns
- Damage during cleaning, maintenance, or inspection
- Breakdowns during normal operations
- Costs of repair or replacement of the damaged parts
- Damage due to faulty design, casting, or material (if not excluded)
- Damage from overheating, excessive pressure, short-circuits, or lubrication failure