This policy covers machinery, plant and equipment, mechanical or electrical
 
Against practically any kind of accident
 
PERILS COVERED
  • Unforeseen and sudden loss or damage to the machinery while at work, rest, while being cleaned, inspected, overhauled, removed or re-erected on the same premises by any cause except does excluded as stated below.
  • Existing faults, consequential loss
  • Perils covered under other specific policies e.g. external fir, explosion, Burglary etc
  • Impact of land, water or airborne vehicles
  • Contractual liability, manufacturer’s liability or supplier’s liability
  • Deterioration, wear and tear, gradually developing flaws
  • Gross negligence, willful act or neglect
  • Acts of God perils, nuclear perils, war and social perils
  • Loss or damage to replaceable parts and non-metallic parts
  • Loss due to overloading, abnormal conditions and also due to exclusion of repairs
PERILS/RISK NOT COVERED
  • Existing faults, consequential loss
  • Perils covered under other specific policies e.g. external fir, explosion, Burglary etc
  • Impact of land, water or airborne vehicles
  • Contractual liability, manufacturer’s liability or supplier’s liability
  • Deterioration, wear and tear, gradually developing flaws
  • Gross negligence, willful act or neglect
  • Acts of God perils, nuclear perils, war and social perils
  • Loss or damage to replaceable parts and non-metallic parts
  • Loss due to overloading, abnormal conditions and also due to exclusion of repairs