Machinery Breakdown and Business Interruption
Machinery Breakdown insurance is for the unforeseen and sudden physical loss of, or damage to, machinery.
Because of technological advances in every field, it is essential to have Machinery Breakdown insurance, especially in an industrial setting and the manufacturing sector. When the unexpected happens, the damage of expensive machinery equipment will delay or interrupt mass production, which in turn affects cash flow.
This insurance covers:
- Losses from steam explosion, mechanical breakdown, or electric arcing.
- Losses to property of others in your care, custody or control.
- Repair or replacement costs for damaged property.
Business Interruption insurance covers losses following the interruption of the business due to damage to property insured under the Machinery Breakdown and Business Interruption insurance policy.
Need more information, have a query or require a Machinery Breakdown and Business Interruption quotation?
Please fill on form below and we’ll get back to you.