This Insurance provides cover for your plant and machinery from any sudden and unforeseen physical loss or damage as well as any faulty design to your plant and machinery not known to you.
What can be covered?
- Loss of profits due to unforeseeable breakdowns
- Replacement or net book value of the machinery
Key underwriting points
- How frequent is the maintenance being conducted?
- Any designated personnel to operate this machine or open to all staffs?
- Staffs that operated this machine, how long have they been working in this industry and any certifications that certified them to operate this machine?