Service Description
Insurance protection against the sudden and unexpected loss or damages of machinery and other parts during its operating life. Machinery of all types can be insured as well as factories furnishings and construction machinery.
Coverage
Loss/damages that are covered under this insurance:
- Inexperienced and carelessness of workers
- Faults during the erection of machinery
- Faulty Design
- Defective material and poor foundation
- Mistakes during repairs, maintenance, dismantling
- Operation error, carelessness, criminal act, and sabotage
- Short circuit, fire resulting from electricity, or high voltage
- Explosion (chemical reaction cause excluded)
- Lack of water in the boiler
***The above terms & conditions are subject to change. For more up to date information please contact one of our operating offices.
