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Machinery Breakdown Insurance
What is Machinery Breakdown Insurance?
A Machinery Breakdown Insurance is a policy that protects you from financial loss when your machines break down or are accidentally damage.
Machinery breakdown protects the insured against any unforeseen and sudden physical loss or damage.
What are the benefits of Machinery Breakdown?
- Repair costs covering the breakdown of machinery.
- Consequential losses as a result of the breakdown - e.g. replacement for loss and spoilage of stock, or loss of profits which could occur while waiting for the parts to repair your machinery.
Who can take out Machinery Breakdown?
- financial institutions
- Educational institutions
- health facilities
- offices and real estate owners
- Construction enterprises
- real estate enterprises
- production and processing enterprises