Commercial Insurance

Key Benefits - Covers Machinery Breakdown - replacement and repair costs


The policy provides financial protection in the event of an unforeseen and sudden physical damage of the insured machinery that occurs owing to any cause other than those excluded in the policy, and which makes immediate repair or replacement necessary breakdowns.

Add-ons are available to extend your cover to:

  • Express freight (air freight excluded), holiday and overtime rates of wages
  • Air freight
  • Owner's surrounding property
  • Third-party liability
  • Additional Customs Duty
  • Escalation
  • Machinery Breakdown Loss of Profit

Main Exclusions

Special exclusions

  • The excess, as stated in the Policy Schedule(s)
  • Loss of or damage to belts, ropes, chains and all operating media
  • Loss or damage for which the manufacturer or supplier or repairer of the property is responsible /span

General exclusions

  • Loss, damage and/or liability arising, directly or indirectly; due to fire, lightning, explosion, theft, subsidence, landslide, flood, inundation, storm, earthquake, volcanic eruption or other acts of God, etc.

However, any loss or damage by fire within the electrical appliances arising due to overrunning, excessive pressure, short circuiting etc., is covered, provided that this extension shall apply only to the particular electrical machine

  • Loss, damage and/or liability caused by or arising due to,
  • War or warlike operations
  • Nuclear reaction, radiation or radioactive contamination
  • Loss or damage resulting from overload experiments or tests requiring the imposition of abnormal conditions
  • Gradually developing flaws, defects, cracks or partial fractures, etc.
  • Deterioration of or wearing away/out of any part of any machine
  • Wilful act or wilful neglect, or gross negligence of the insured
  • Liability assumed by the Insured by agreement unless such liability would have attached to the insured notwithstanding such agreement
  • Faults or defects existing at the time of commencement of the policy
  • Loss of use of the insured's plant or property or any other consequential loss incurred
  • Loss, damages and/or liability due to explosions in chemical recovery boilers, other than pressure explosions

This is not an exhaustive list.

For further details and quotation, talk to us today at 1800-103-2292 (Toll free) or visit one of branches

Customers Speak