In the manufacturing and industrial sectors, unexpected machinery breakdowns can lead to significant financial setbacks. To mitigate these risks and ensure uninterrupted operations, factories and industries can turn to Machinery Breakdown Insurance.
Machinery Breakdown Insurance provides financial protection against accidental breakdowns and physical damage to machinery used in factories and industries. This policy covers the costs of repairs or replacement of damaged machine parts. Many insurers also offer riders for additional risks such as air freight, machine foundation, and customs duty.
This insurance covers losses due to sudden and accidental machinery damage from both internal and external causes. This includes:
The policy protects machinery in working and resting conditions, as well as when dismantled, moved, or reassembled for cleaning, inspection, or repair.
General Exclusions:
Special Exclusions:
For any insurance solutions, please contact Beacon Insurance Pvt Ltd at https://www.beacon.co.in/
Insurance is a subject matter of solicitation
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