Machinery Breakdown

Machinery Breakdown & Deterioration of Stock Insurance Policy

Machinery breakdown insurance offers assurance to business owners such as mechanical engineering, industrial, textile, paper mills, workshops from risk of damage being caused due to an unexpected failure of their machinery.

Our policy will cover any unforeseen and sudden damage that may be due to one of the following causes:

  • Losses due to short circuit,
  • Physical explosion,
  • lack of water in boilers,
  • separation due to centrifugal force,
  • storm, ice,
  • incorrect handling, negligence carelessness
  • poor assembly
  • wrong design
  • malicious damage by third parties

Our Machinery Breakdown policy provides the above mentioned basic cover with the possibility for extension of cover by adding additional benefits to the basic coverage package as follows:

  • Strikes
  • Riots
  • Political unrest
  • Overtime night work, expediting shipments cover
  • Air fare cover
It is a prerequisite of the policy that a detailed asset register of all machinery is submitted to our company for the issuance of the Machinery Breakdown policy.

Deterioration of Stock Insurance - As a consequence of Machinery Breakdown

Our Deterioration of stock insurance is offered in conjunction with the Machinery Breakdown policy and covers the cover spoilage of goods stored in cold chambers due to their mechanical failure.

For more information please contact your insurance advisor, one of the Sales and Customer Service Offices of Trust International Company (Cyprus) Ltd or send an e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it.

 

We look forward hearing from you!

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