Machinery Breakdown Insurance​​

Don’t let breakdowns stop your production.

Why is Machinery Breakdown Insurance useful?

Machinery Breakdown is an “accident” insurance cover that provides cover against sudden and unforeseen, fortuitous physical damage to your insured plant and machinery item. 

This policy offers financial protection in the event of machinery malfunction – accidental, electrical and mechanical breakdown requiring repairs, and/or replacement. Machinery Breakdown Insurance covers all types of Industrial equipment.


What would you like to know?

  • Machinery Breakdown and Failure insurance includes coverage against internal machinery damage such as: electrical damage, centrifugal forces, lack of water, foreign bodies, failures in safety devices, overheating, impact, shock, pressure or lubrication defects.
  • Damage suffered by the machinery due to errors in design, calculation, manufacture or assembly.
  • External damages produced by:
    • Fire, explosion or lightning strike.
    • Blows, collisions, scratches or falls.
    • Sinking or sliding of the earth.
    • Smoke or gases
    • Atmospheric phenomena such as wind, snow, hail, rain and floods.
  • Theft and robbery.
  • Damage resulting from the mismanagement or negligence of an employee due to lack of experience or expertise in the machinery.
  • Expenses for urgent repair.

The insured capital will depend on the declared value established by the insured. This value must be equal to the replacement cost of the insured machinery with a new one of the same class and capacity, and must include all the taxes that are required to put the new machine in the place of insurance and ready to enter into commercial operation.

The Machinery Breakdown Insurance covers the expenses incurred by the insured to leave the property in operating conditions similar to those he had at the time immediately prior to the accident.