By its very nature, machinery insurance is an all risks ‘accident’ insurance for machinery supplementing the coverage afforded by fire insurance; thus it covers unforeseen and sudden physical loss of or damage to the insured items, necessitating their repair or replacement.

Loss or damage covered under machinery insurance can be either due to faulty designs, faults at workshop or in erection, defects in casting and material, faulty operation, negligence, malicious acts, physical explosion, electrical causes such as short circuit, storm and frost.

It is a practical idea for manufacturing industries amongst others that employ the use of machinery, to get their assets covered so as to protect themselves from any unforeseeable losses that may arise as a result of machine breakdown. The covers can be arranged for heavy industrial machinery or for simple office desktop computers.