Machinery Cover

Machinery Cover

Machinery breakdown covers unforeseen and sudden physical loss or damage necessitating repair or replacement arising from:

  • Defects in casting and material
  • Faulty design
  • Faults at workshop or in erection
  • Bad workmanship
  • Lack of skill
  • Carelessness
  • Shortage of water in boilers
  • Physical explosion
  • Tearing apart on account of centrifugal force
  • Short-circuit
  • Storm

This cover provides indemnity in the event sudden machinery breakdown, thus putting you back to production.

NB - Please ensure you machinery sum insured is maintained at reinstatement value inclusive of VAT.

Results

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More about the product

  • Quality Assurance: Coverage ensures your machinery's design, casting, material, and quality meet your expected standards.
  • Operational Excellence: Supports seamless operations by covering skill gaps or unforeseen machinery behaviors.
  • Resilience in All Conditions: When facing natural elements or technical challenges, your machinery stays protected. 
  • Operational Cycle Continuity: We protect each phase, from routine cleaning to machinery movement and re-establishment.
  • Value Protection: You align your policy with the actual replacement value of your machinery, ensuring optimal compensation when needed.

Yes, the policy extends to cover third-party liabilities and the owner’s surrounding property at an extra cost and up to the limit specified in the policy.

While on replacement, but on reinstatement for items below 3 years of age.

Relevant Documents and Forms

14,546
people trust this product

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Get a Quote

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James Doe, 34
13 years experience