What is Machinery Breakdown Insurance?

Machinery Breakdown Insurance is a specialized insurance policy that provides comprehensive protection against sudden and unforeseen breakdown of machinery and equipment used in industrial, commercial, and business operations.

This essential insurance policy covers mechanical and electrical breakdowns, internal explosion, short circuit, and other technical failures that could result in significant financial losses and production downtime for your business.

Whether you operate manufacturing plants, industrial facilities, or commercial establishments with machinery, Elevate Insurance offers comprehensive machinery breakdown insurance policies with competitive premiums and expert technical support to keep your operations running smoothly.

Machinery Breakdown Coverage

Comprehensive protection against sudden and unforeseen breakdown of machinery and equipment.

  • Mechanical breakdown coverage
  • Electrical failure protection
  • Internal explosion coverage
  • Short circuit protection
  • Bearing failure coverage
  • Boiler and pressure vessel protection
  • Computer and electronic equipment coverage

Add-ons

  • Terrorism Coverage
  • Business Interruption
  • Extra Expenses
  • Expediting Expenses
  • Professional Fees
  • Spare Parts Coverage
  • Testing and Commissioning

Benefits

  • Production continuity
  • Quick claim settlement
  • Expert technical support
  • Financial protection
  • Preventive maintenance
  • Flexible coverage
  • Competitive premiums

Benefits of Machinery Breakdown Insurance

Machinery Protection

Comprehensive protection against sudden and unforeseen breakdown of machinery, equipment, and industrial systems.

Technical Support

Expert technical support and engineering services to help diagnose, repair, and restore machinery to working condition.

Production Continuity

Ensures continuous production with quick repair and replacement services to minimize downtime and business losses.

Quick Claim Settlement

Fast and efficient claim processing with specialized support for machinery breakdown claims to restore operations quickly.

Preventive Maintenance

Professional risk assessment and preventive maintenance recommendations to help minimize machinery breakdown risks.

Why You Need Machinery Breakdown Insurance?

Machinery Breakdown Insurance is essential for businesses that rely on machinery and equipment for their operations. Here's why having comprehensive machinery breakdown insurance is crucial:

Equipment Protection

Safeguards your valuable machinery and equipment against sudden breakdowns and technical failures.

Production Continuity

Ensures continuous production and business operations with quick repair and replacement services.

Financial Security

Provides financial protection against costly machinery repairs and replacement expenses.

Machinery Breakdown Insurance Coverage Includes

Mechanical Breakdown

Protection against sudden and unforeseen mechanical breakdown of machinery, equipment, and industrial systems.

Electrical Failure

Coverage for electrical failures, short circuits, and power-related damages to machinery and equipment.

Internal Explosion

Protection against internal explosion and implosion of machinery, boilers, and pressure vessels.

Bearing Failure

Coverage for bearing failure and related damages to rotating machinery and equipment.

Boiler and Pressure Vessel

Specialized coverage for boilers, pressure vessels, and steam systems against breakdown and failure.

Computer and Electronic Equipment

Protection for computer systems, electronic equipment, and automated machinery against technical failures.

Machinery Breakdown Insurance Add-ons

Terrorism Coverage

Additional protection against machinery damage caused by terrorist activities and acts of terrorism.

Business Interruption

Compensation for loss of business income during the period when operations are disrupted due to machinery breakdown.

Extra Expenses

Coverage for extra expenses incurred to minimize business interruption and maintain operations during machinery breakdown.

Expediting Expenses

Coverage for expediting expenses to speed up repair and replacement of machinery and equipment.

Professional Fees

Coverage for fees of engineers, technicians, and other professionals required for machinery repair and restoration.

Spare Parts Coverage

Coverage for spare parts and components required for machinery repair and replacement.

Testing and Commissioning

Coverage for testing and commissioning expenses after machinery repair or replacement.

Preventive Maintenance

Coverage for preventive maintenance expenses to reduce the risk of machinery breakdown and failure.

How to Buy Machinery Breakdown Insurance Online?

The process of buying machinery breakdown insurance online is simple and convenient. Here's how you can get comprehensive protection for your machinery with us.

01

Share Machinery Details

Provide information about your machinery, equipment, and operations to get accurate insurance quotes.

02

Compare Insurance Plans

Review different machinery breakdown insurance plans and choose the one that best fits your needs.

03

Complete Purchase

Make secure online payment and receive your machinery breakdown insurance policy instantly via email.