Machinery Breakdown Insurance

All Property Insurances

Machinery Breakdown Insurance

Machinery Breakdown Insurance offers essential coverage for unforeseen and sudden physical loss or damage to machinery, facilitating rapid repair or replacement. This policy is crucial for industries that depend on continuous machinery operation and can be supplemented with Fire Insurance for Industrial/Business Premises for comprehensive protection.

Benefits

Core Coverage

  • This policy covers loss or damage caused due to electrical or mechanical breakdown of machinery, ensuring operational continuity and minimizing downtime.

Eligibility

  • Policyholder should have an insurable interest in the asset.
  • Must be eligible to sign an insurance agreement as per the legislation framework of Sri Lanka.
  • Insuring property/assets must be within the geographical limits of Sri Lanka.

This insurance is designed to provide businesses with the assurance that they can recover quickly from machinery malfunctions, reducing the financial impact of such events and maintaining productivity.

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