All-risk coverage for your machinery. All round peace of mind for you.
What is Machinery Breakdown insurance?
This policy covers plants, machinery, mechanical equipment - whilst at work, at rest or during maintenance.
Here is an overview of your coverage
Machinery Insurance is important for everyone who operates machinery, not only for large Industrial Enterprises using large units or fully automated plants but also for medium-sized and small enterprises where a machinery failure may have serious financial and economic consequences.
The primary intention of our product is to protect you against the financial risks of unforeseen and sudden damage to your machine.
Losses can arise from the following:
Human faults, due to negligence and wilful acts of the workers
Operational faults, arising from inadequate maintenance
Product faults, arising from faulty materials, design and poor workmanship
Loss or damage caused by pollution or contamination
Fire, lightning and chemical explosion
Acts of god
Theft and burglary
Wear and tear
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
This insurance is underwritten by Tokio Marine Insurance Singapore Ltd. All benefits and features mentioned here are subject to the terms and conditions of the policy. Please refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only.