Machinery Insurance
Call Us No.:
18002007710
Email Us:
nic[dot]engineering[at]nic[dot]co[dot]in
Overview:
Machinery Insurance provides insurance protection to both rotating as well as static equipment while at work or at rest against mechanical and electrical breakdown and also human error and negligence.
Key Benefits:
Machinery Insurance provides insurance protection to both rotating as well as static equipment while at work or at rest against mechanical and electrical breakdown and also human error and negligence.
Salient Features:
Almost all stationery capital equipments can be covered under M.I. Policy. The broad categories are two namely. Electrical Machinery and non-electrical Machinery.
Covered:
Machinery Insurance is against unforeseen and sudden physical damage to the insured machinery from causes such as
- Faulty material, design, construction, erection
- Vibration, maladjustments, malalignment
- Defective lubrication, loosening of parts, molecular fatigue, self heating, explosion due to internal pressure, implosion due to external pressure or internal vacuum, abnormal stress, centrifugal force.
- Excessive electric pressure, failure of insulation, short circuit, open circuit, or arching including damage by internal fire so set up.
- Failure of connected machinery or protective devices.
- Lack of skill, carelessness or malice of persons, whether insured employee or not.
- Falling, impact, collision and the like.
Not Covered:
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