This insurance covers loss of or damage to your machines and the machinery process. There are a number of cover options available:
Sudden and Unforeseen
This is the widest form of cover and provides indemnity against breakdown, explosion, collapse and damage by accidental causes, which necessitates repair or replacement of the plant.
Breakdown, Explosion or Collapse
Provides indemnity for damage to plant arising from mechanical and electrical defects in the equipment, occurring under normal working conditions. For pressure vessels, damage to the item’s permanent structure by its own internal steam or fluid pressure or loss of steam or fluid pressure causing the item to explode or collapse.
Provides cover for damage to plant for any cause other than its own explosion, collapse or breakdown.