Machinery Insurance provides protection for industrial enterprises using large units or fully automated production plants and for medium-sized and small enterprises where machinery failure may have serious financial and economic consequences.
Plant and machinery are exposed daily to operational hazards, be it failure or malfunction of safety devices, faulty material, short circuit or even negligence of employees.
Insured Items include;
- Mechanical Plant, including engines, turbines, compressors, pumps, machine tools etc.
- Boilers with auxiliaries
- Electrical Equipment including generator motors, switchgear and transformers