Machinery Breakdown
Ensuring Business Continuity with Comprehensive Machinery Protection
Machinery Breakdown Insurance is designed to protect businesses from the financial impact of unexpected mechanical failures in their machinery and equipment. These breakdowns, which can halt business operations and lead to costly repairs or replacements, are covered by this policy. Whether it’s manufacturing equipment or industrial machinery, the policy helps minimize downtime and safeguard against the significant expenses involved in getting the equipment back to working condition, ensuring business continuity.
Key Benefits
- Covers repair and replacement costs for damaged machinery
- Minimizes financial impact due to sudden breakdowns
- Ensures quick recovery and reduced downtime
- Protects against unexpected repair or replacement expenses
- Keeps business operations running smoothly without disruption
Health Cover Up
to ₹50 Lacs
What is Machinery Breakdown?
Machinery Breakdown is the unexpected malfunction of industrial equipment that disrupts operations, leading to costly repairs or replacements. Machinery Breakdown Insurance covers these expenses, minimizing downtime and ensuring business continuity.
Why do you need Machinery Breakdown?
Minimize Downtime
Quick repair coverage to ensure your business stays operational.
Cost Protection
Avoid expensive repairs with comprehensive breakdown insurance.
Instant Support
Get immediate assistance to handle machine failure and minimize disruptions.
Secure Business Continuity
Safeguard your operations with machinery breakdown coverage to prevent costly downtime.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Machinery Breakdown cover and exclude?
Plan Coverage
Comprehensive Machinery Protection
Safeguard your plant, equipment, and machinery from unexpected breakdowns.
Coverage for Physical Damage
Protect your machinery against unforeseen damage caused by breakdowns.
Tailored Machinery Coverage
Option to cover specific machinery based on your operational needs.
Multi-Location Coverage
Insure machinery at various sites, ensuring comprehensive protection.
Owner and Financier Protection
Available for both machinery owners and financiers to protect investments.
Coverage While Operational
Ensure your machinery is covered while in use, preventing costly downtime.
Protection During Dismantling & Reassembly
Coverage extends to machinery being dismantled, removed, or re-erected.
Faulty Operation & Damage Protection
Safeguard against damage caused by faulty operations, vibration, or foreign object entry.
- In-patient treatment 24 hours a day
- Pre-existing disease
- Pre and Post hospitalization
- Domiciliary hospitalization expenses
- Reimbursement of cost of health check-up
- All day care procedure
- Family floater to covers member’s immediate family such as a spouse, dependent children, dependent parents, etc.
- Maternity benefits
- Dental treatment
- Cost of spectacles, contact lenses
- Waiver of waiting period
- Waiver of first-year exclusions
- Reimbursement of ambulance costs
- Baby day one care
- Vaccination benefits
- Increased room rent limits
- Corporate buffer
- Out-patient treatment (OPD Card)
- Root canal surgery
- In-hospitalization expenses due to sickness or accidents
- Room and boarding expenses as provided by the hospital/nursing home.
- Nursing expenses.
- Surgeon, anesthetist, medical practitioner, consultants or specialist fees.
- Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, medicines and drugs, diagnostic materials and X-Ray, dialysis or chemotherapy.
Major Exclusions
Exclusion of Natural Disasters
No coverage for damage caused by fire, lightning, or chemical explosions.
Flood and Water Damage
Excludes damage caused by inundation, flood, and water-related incidents.
Exclusion of Earthquake Damage
Protection specifically does not extend to damages caused by earthquakes.
Exclusion of Subsidence and Landslides
Not covered are damages caused by subsidence, landslides, or land-borne craft impact.
Pre-Existing Faults or Defects
Excludes coverage for faults or defects existing at the time of policy commencement.
Nuclear Risks
No coverage for damages arising from nuclear reactions, radiation, or contamination.
Negligence and Willful Acts
Excludes losses caused by gross negligence or willful acts by the insured or their representatives.
War and Conflict-Related Losses
War or warlike operations are excluded from machinery breakdown coverage.
- Treatment of pre-existing illnesses.
- Any treatment for illnesses/diseases within the first 30 days of the policy, unless it is an accident.
- Treatment of specified illnesses for the first year of the policy.
- Certain diseases like hernia, cataract, piles, sinusitis, etc are excluded during the first year of operation in the cover.
- Any claim arising out of or traceable to pregnancy.
- Ayurvedic, homeopathy, naturopathy or any other form of local medication.
- Alcoholism, drug abuse, and AIDS.
- Dental treatment or surgery unless it requires hospitalization.
- Cost of spectacles.
- Vaccination and inoculation.
- Cosmetic treatment.
Your Journey to Insurance Manager
When can I Claim?
A claim under Machinery Breakdown can be registered in the below circumstances:
- Accidental damage to equipment.
- Theft, robbery, or vandalism.
- Fire or mechanical breakdown of machinery.
Claim what’s yours with Insurance Manager
Have more questions?
Submission
Assessment
