Machinery Breakdown Insurance

No matter how well maintained is your machinery, there is always the risk of machinery breakdown, necessitating, sometimes, heavy expenses for its repair or replacement, and affecting the continuity of your business.

The insurance covers any unforeseen and sudden physical loss of or damage to the insured machinery and equipment of your business, which may be due to various causes, such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short circuit, storm, or from any other cause not specifically excluded the policy, in a manner necessitatingτηειρ repair or replacement.

The insurance is extremely useful to businesses, the operation of which relies on their machinery and equipment, for their protection against the heavy expenses necessitated in repairing mechanical breakdown.