The Plants, Equipment and Machinery

The Plants, Equipment and Machinery are exposed to a number of risks inherent in their operations in addition to the exposure to natural calamities.
This policy covers loss resulting from the accidental breakdown of almost any type of equipment that operates under pressure or that controls, transmits, transforms, or uses mechanical or electrical power.
Risks Covered

Fire , lightning & Explosion, Storm , Tempest, Flood & Inundation, Theft/burglary, Collapse, earthquake, Accidental Damages not otherwise excluded.

Key Benefits

Machinery All Risks insurance provides an “all risks” cover, which means every hazard is covered which is not specifically excluded.
This means that almost any sudden and unforeseen loss or damage to machinery while at work or at rest, in transit, or during overhauling, erection or dismantling occurring during the period of insurance will be indemnified.

Machinery Breakdown

Your machinery may be covered under Fire & Allied Perils. However, in some instances you may incur accidental damage to your equipment and machinery by:
•Lack of skill of the operator
•Carelessness
•Short circuits

We will also cover costs involved with overtime, night work (or work required on public holidays) and express freight to repair the plant & machinery as soon as possible.

Business interruption (Following machinery breakdown)

The breakdown of your plant or machinery will have a negative impact on the running of your business.
This section covers for reduction in turnover and increased working following a machinery breakdown/loss (if insured in terms of the Machinery breakdown section).