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BASIC COVER |
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Machinery Breakdown Insurance is an accident insurance for machinery and provides
coverage against unforeseen and sudden physical loss or damage to the Insured's
machinery caused by:
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Human Failure ie. carelessness, negligence, lack of skill |
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Fault of Manufacturer ie. faulty design, bad workmanship, defective material or
casting |
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Operational Causes ie. shortage of water, overheating, failure of control devices |
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Environmental Causes ie. dust, humidity, temperature |
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Electrical Causes ie. short circuit, faulty insulation, over voltage |
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INTEREST / PROPERTY INSURED |
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In principle all stationery, mobile and moveable machinery and equipments e.g. steam
boiler and piping/steam pressure vessel, transformer, switchboard and switchgear,
electronic motor, rectifier, compressor set, generator set, turbines, lift/crane,
air conditioning unit, refrigerating unit, process plant, furnace, presses etc.
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Machinery may be new or used provided it is in proper operating condition.
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ELIGIBLE PROPOSER |
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Machines owner, project owner, business owner and any person or business organisation
that requires coverage for machines to manage the financial risk of the unexpected.
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| PRODUCT DISCLOSURE SHEETS |
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here to view Product Disclosure Sheets (PDS). |
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HOW TO BUY |
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