Machinery and Equipment used in various industrial operations are exposed to unforeseen or sudden mechanical or electrical damage.
Machinery Breakdown Policy covers machinery, plant and equipment in industries, factories, engineering workshops etc, against loss or damage due to electrical or mechanical breakdown.
The sum insured for this insurance should be the replacement cost, including freight, duty, cost of erection and other dues.
An “All Risks” policy to cover accidental loss or damage to the property subject to specified exclusions
Insurance against losses in revenue due to an interruption in business following a material damage to the property
Covers businesses against the risk of non-payment of the dues by customers
Ideal for businesses with large fleets to insure all their vehicles under one policy