Machinery Breakdown Insurance
Covers any damage to the machines that keep your business running.
All plant and machinery are vulnerable to breakdown or damage irrespective of their quality or reliability. In addition to this, a small disaster e.g. fracture of a flywheel may result in a loss affecting several machines, with high replacement/repair costs.
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Can I extend my protection?Subject to underwriting, the policy can be extended to cover for strike, riot, civil commotion; overtime, nightwork and express freight, air freight, surrounding property and third party, flue gas explosions in boilers and furnaces, where applicable.
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Where can I get more information?
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What is the scope of cover?
The Machinery Breakdown Insurance policy covers sudden and unforeseen physical damage or loss due to any accidental electrical or mechanical breakdowns to the Insured machinery whilst being at work or rest and during any cleanup, inspection, overhauling or subsequent re-erection and removal to another position within the premises.
The policy provides cover in respect of:
- faulty material used in the machinery.
- faulty design.
- construction or erection.
- bad workmanship.
- lack of skill.
- carelessness.
- shortage of water in boilers.
- defective lubricant.
- loosening of parts.
- stress.
- molecular fatigue.
- heating.
- tearing apart due to centrifugal force.
- explosion / implosion.
- electrical faults like excessive voltage or short circuits.
- faulty insulation of wires.
- failure of connected machinery.
- failure of safety devices.
- obstruction or entry of foreign bodies in the machine.
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Contact us.
The benefit(s) payable under this product is (are) protected by PIDM up to limits. For more information, please refer to PIDM's Takaful and Insurance Benefits Protection System brochure on Zurich General Insurance Malaysia's website or PIDM's website.