What is Machinery Breakdown Insurance?
Machinery Breakdown Insurance provides coverage for sudden and accidental physical damage to insured machinery and equipment due to internal or external causes. Whether it’s an electrical short circuit, mechanical failure, or operator error, this policy ensures you're financially protected.
Who Needs This Cover?
This insurance is ideal for:
- Manufacturing Units
- Cold Storage Plants
- Printing Presses
- Hotels and Hospitals
- Construction Companies
- Any business using electrical, mechanical, or industrial machinery
Key Features & Benefits
- ✔️ Coverage for repair or replacement costs of damaged machinery
- ✔️ Protection against losses due to electrical or mechanical failures
- ✔️ Covers sudden and accidental breakdowns
- ✔️ Can be extended to include loss of profits due to breakdown
- ✔️ Customizable policies based on your industry and machine type
What Does It Cover?
- Boilers, generators, transformers, compressors
- CNC machines, turbines, lifts & elevators
- Electrical motors and industrial production lines
- HVAC systems and medical equipment
(Coverage subject to policy terms and machine value)
Optional Add-Ons
- Loss of profits: Due to machine downtime
- Damage during transit: Or reinstallation
- Natural calamities: Or explosion-induced breakdowns
- Third-party liability: In case of damage to others
Get a Machinery Breakdown Insurance Quote
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