Keep Your Machines Running with Breakdown Protection
Machinery Breakdown Insurance protects plant and machinery against sudden and unforeseen breakdowns that are not covered under standard fire policies. It covers repair or replacement costs due to mechanical failure, electrical burnout, faulty operation and other internal causes. This policy is crucial for manufacturers and industrial units where machinery downtime directly impacts production and profitability.
Coverage for sudden mechanical and electrical breakdown
Optional extensions for express freight, air freight and overtime costs
Applicable to installed and tested machinery in operation
Can be combined with Loss of Profit (MLOP) covers
Suitable for factories, processing units, utilities and large facilities
Frequently Asked Questions
What events are covered under Machinery Breakdown Insurance?
Sudden and unforeseen mechanical or electrical breakdowns during normal operation.
Is it necessary if I already have fire insurance?
Yes, fire policies don’t cover internal breakdowns; both covers complement each other.
Can newly installed machines be covered immediately?
Yes, once testing and commissioning are completed and declared to the insurer.
Does it cover wear and tear?
No, gradual wear, corrosion and ageing are generally excluded.
Can I cover loss of profit due to breakdown?
Yes, via a separate Machinery Loss of Profit (MLOP) policy linked to this cover.
Are spare parts and foundations covered?
They can be included if declared and forming part of the insured machinery.
