The Plants, Equipment and Machinery are exposed to a number of risks inherent in their operations in addition to the exposure to natural calamities.
This policy covers loss resulting from the accidental breakdown of almost any type of equipment that operates under pressure or that controls, transmits, transforms, or uses mechanical or electrical power.
- Risk Covered
- Key Points
It covers unforeseen and sudden physical loss of or damage to the insured items, necessitating their repair or replacement. The cover, which excludes internal breakdown, applies at work, at rest or during maintenance operations This policy also provides cover for inland transport with additional premium.
- Information Required
- Surrounding Areas/Hazards
- Details whether the equipment is hired or on lease.