Boiler and Machinery insurance

Machinery breakdown insurance

This is specific kind of insurance based on “all risk” cover. Machinery breakdown insurance covers all sudden and unforeseen physical losses, which are not subject of exclusions, listed in insurance conditions. Subject of insurance are individual machines or all plant machinery.

Machinery breakdown insurance mainly covers material damage cause by following reasons:

• damage caused by operation (breakage, excessive pressure, internal vacuum, overheating)
• damage caused by electric energy (short circuit, excess voltage or induction)
• damage caused by human element (faulty operation, lack of skill, negligence)
• damage caused by manufacturer (faulty design, defects in material, faults at workshop, faults in erection)
• damage caused by frost and drifting ice