What is Machinery Breakdown

This policy covers loss or damage to insured’s fixed Plant & Machinery against sudden, accidental and unforeseen physical loss or damage caused by all the perils which are not specifically excluded.

Risk Covered:

This is all risk accidental cover. The main coverage are Faulty material, defects in casting, faulty construction, faulty design, short circuits and electrical burnouts, faulty erection, explosion, tearing apart on account of centrifugal forces, failure of operation of safety devices etc.

Lack of skill, carelessness or negligence, sabotage, falling bodies, electrical over pressure, failure of other machinery connected with it, entry of foreign objects.

Why I need M.B.D?

Machinery Insurance is important for everyone who operates machinery, not only for large Industrial Enterprises using large units or fully automated plants but also for medium-sized and small enterprises where a machinery failure may have serious financial and economic consequences.