Covers the Insured against breakdown of any machine whilst working or at rest, being dismantled moved or re-erected for the purpose of cleaning, inspection, repair or installation in another position. This cover is suitable for installed plant and machinery including lifts. The policy covers sudden and unforeseen mechanical and electrical breakdowns extended to include extraneous damage.

Features & Benefits

  1. Protects against:
  2. Losses due to steam explosions, machinery/mechanical and electric breakdowns
  3. Liability claims for covered losses to other peoples property in your care, custody or control
  4. The cost of hiring temporary machinery
  5. Repair or replacement costs for damaged property
  6. Legal expense incurred for Defence against a claim or suit alleging liability under the policy
  7. To meet the varied needs of today’s businesses, we offer the option of Stand-Alone or package policies under Machinery Breakdown.
    • Package Machinery breakdown –This policy covers three hazards that machinery is often exposed to. These include fire, burglary and machinery breakdown. This is a comprehensive cover that eliminates the need to have two different underwriters.
    • Stand Alone Machinery breakdown–This package is purchased when we are not providing the property policy. It covers direct physical loss or damage to machinery.
  8. Machinery Breakdown losses can go beyond the repair or replacement cost of damaged equipment. We can customize our Machinery Breakdown policy to include indirect losses that result from a breakdown including:
    • Business Interruption
    • Extra Expense