Contractor Plant & Machinery Insurance

Scope

The policy covers sudden, accidental, external damage to the insured machinery due to any cause other than those specifically excluded in the policy. The policy covers the machinery whilst they are in operation or at rest or whilst being dismantled for the purpose of cleaning or overhauling or whilst being shifted within the premises or during subsequent re-erection, but in any case only after successful commissioning.

Add – on covers

The policy can be extended to cover

  • Third party liability - personal injury and property damage.
  • Damage to owner's surrounding property.
Major Exclusions
  • loss or damage due to any internal electrical or mechanical breakdown, defective lubrication, lack of oil or coolant although any consequent external damage is payable.
  • loss or damage to replaceable parts or attachments such as bits, drills, knives, dies, moulds etc.
  • loss or damage whilst in transit from one location to another.
  • loss due to wear and tear, corrosion, rust, deterioration, atmospheric conditions.
  • loss or damage during testing operating or whilst being used for a purpose other than designed for.
  • loss or damage to machinery working under ground.
  • loss or damage for which the supplier or manufacturer is responsible either by law or under contract.

“Insurance is the subject matter of solicitation"
MADHUVAN INSURANCE BROKING – An IRDA recognized Insurance Broking House

Know More

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

COME BE A PART OF OUR SUCCESS STORY!

COME BE A PART OF OUR SUCCESS STORY!