Machinery Breakdown Insurance (MBD)

Home / SME / Machinery Breakdown Insurance (MBD)

The policy covers unforeseen and sudden physical damage to any mechanical and electrical machinery and/or equipment by any cause necessitating repairs and/or replacement

  • Faulty design
  • Faults at workshop or in erection
  • Defects in casting
  • Faulty operation, lack of skill
  • Negligence
  • Tearing apart on account of centrifugal force
  • Short circuit and other electrical causes
  • Fire, lightning, Chemical Explosion, Burglary and Theft
  • Inundation, flood
  • Earthquake
  • Subsidence, landslide, Impact of land borne, Water borne craft.
  • Wear and tear
  • War or warlike operation
  • Wilful acts or Gross Negligence on the part of the Insured or of his representatives
  • Faults or defects existing at the time of commencement of the insurance which ought to have been or were known to the Insured.
  • Faults or defects for which the supplier is responsible either by law or under contract (losses covered by warranty)
  • Nuclear reaction, Nuclear Radiation or Radioactive contamination
  • Escalation
  • Express Freight
  • Air Freight
  • Owners surrounding property
  • Third party liability
  • Additional custom duty
  • Applicability of policy cover
  • Type of machine
  • Deductible franchise
  • Extensions opted