Machinery Breakdown Policy
Machine Breakdown 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. Add-ons available to extend this cover are:
- 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