Policy Summary
The policy covers sudden and unforeseen physical damage or loss due to any accidental electrical or mechanical breakdowns to the insured’s machinery whilst at work or not in use and during any cleanup, inspection, overhauling or subsequent re-erection and removal to another site within the premises.
Assets Covered
All plant and machinery are vulnerable to breakdown or damage irrespective of their quality or reliability. In addition to this, a small disaster e.g. fracture of a flywheel may result in a loss affecting several machines, with high replacement/repair costs.
Client profile
This policy is ideal for industries, printing press, Bakeries; Vehicle assembly plants/motor dealers, owners of buildings that have lifts/elevators, Hospitals, cold storage operators, Generator e.t.c
