Machinery Breakdown Insurance
Protect Your Equipment from Unexpected Failures
What is Machinery Breakdown Insurance ?
Machinery Breakdown Insurance is a specialized coverage designed to protect businesses from the financial impact of sudden and unforeseen mechanical or electrical failures. Whether you’re running a manufacturing plant, a construction company, or a commercial facility, equipment failures can lead to costly repairs, operational downtime, and lost revenue.
At Newgen Insurance Broking Pvt. Ltd., we offer comprehensive machinery breakdown insurance to safeguard your critical assets, ensuring your business stays operational even in the face of unexpected breakdowns.
Why Your Business Needs Machinery Breakdown Insurance
Modern industries rely heavily on machinery and equipment to maintain productivity. However, even the most well-maintained equipment is susceptible to breakdowns due to power surges, mechanical failures, operator errors, or electrical issues. Without proper coverage, these breakdowns can lead to:
- Expensive repair or replacement costs
- Production halts and revenue losses
- Increased labor costs for emergency fixes
- Potential contractual penalties for missed deadlines
A well-structured machinery insurance policy ensures your business can recover quickly without taking a financial hit.
What Does Machinery Breakdown Insurance Cover ?
Our machinery breakdown cover is designed to provide broad protection against unexpected mechanical or electrical failures. Coverage typically includes:
Mechanical Failures
Damage due to mechanical breakdowns in production lines, industrial machines, or HVAC systems.
Electrical Failures & Power Surges
Coverage for electrical short circuits, blown transformers, and voltage fluctuations.
Operator Errors & Accidental Damage
Protection against damage caused by human errors during machine operation.
Boiler and Machinery Coverage
Includes boiler and machinery insurance to cover critical heating and pressure systems used in industrial and commercial settings.
Engineering Breakdown Insurance
Coverage for engineering-related equipment such as cranes, lifts, turbines, and specialized industrial tools.
Farm Equipment Breakdown Insurance
Tailored coverage for agricultural machinery, including tractors, irrigation systems, and harvesters.
Replacement & Repair Costs
Covers the costs of parts, labor, and transportation needed to repair or replace broken machinery.
Loss of Revenue Coverage
Compensation for lost income due to business interruption caused by equipment failure.
Who Needs Machinery Breakdown Insurance ?
Any business that relies on machinery or industrial equipment can benefit from MBD insurance. Industries that commonly require this coverage include:
- Manufacturing Plants – Protects assembly lines, CNC machines, and automation systems.
- Construction Companies – Covers cranes, bulldozers, concrete mixers, and excavators.
- Agricultural & Farming Operations – Ensures farm equipment like tractors and irrigation systems stay operational.
- Healthcare Facilities – Protects medical imaging devices, dialysis machines, and sterilization equipment.
- Food Processing & Packaging Plants – Safeguards refrigeration units, mixers, and conveyor belts.
- Data Centers & IT Infrastructure – Covers servers, cooling units, and networking hardware.ocessing & Packaging Plants – Safeguards refrigeration units, mixers, and conveyor belts.
How to Choose the Right Machinery Breakdown Insurance Policy
When selecting an MBD insurance plan, consider the following :
Assess Your Equipment Value
Ensure your policy covers the full replacement cost of critical machinery.
Identify Common Failure Risks
Analyze past breakdown incidents to determine your biggest risks.
Check Coverage Limits & Exclusions
Make sure you understand boiler and machinery insurance exclusions before purchasing.
Consider Business Interruption Coverage
Look for policies that include lost revenue protection.
Benefits of Machinery Breakdown Insurance with Newgen Insurance Broking Pvt. Ltd.
Getting fire and peril insurance has never been easier! Follow these simple steps :
Comprehensive Coverage
We offer extensive protection against mechanical, electrical, and operator-related damages.
Customizable Policies
Each business has unique needs, so we tailor our machinery insurance policy to match your industry requirements.
Fast Claim Settlements
Minimizing downtime is crucial, which is why we prioritize fast claims processing to get your business back on track.
24/7 Support
Our team is always available to assist with claims, policy modifications, and coverage-related queries.
Get Machinery Breakdown Insurance Today!
Indore Office: 412, Apollo Premier, Vijay Nagar Square, Indore (M.P.) 452010
Pune Office: MVPM Spark, 128/4, near Balewadi High Street, Balewadi Phata, Baner, Pune, Maharashtra 411045
Email Us: info@insuranzee.com
Call Us: +91-7745940945 | +91-9584466099 | +91-8085057857
Frequently Asked Questions
1. What is covered under machinery breakdown insurance ?
Machinery breakdown insurance covers repair and replacement costs for industrial equipment that fails due to mechanical, electrical, or operator-related issues. It may also cover business interruption losses.
2. How is boiler and machinery insurance different from property insurance ?
While standard property insurance covers damages from external causes (like fire or floods), boiler and machinery coverage specifically protects against sudden and accidental breakdowns of internal equipment.
3. What industries need machinery insurance policy coverage ?
Industries such as manufacturing, construction, agriculture, healthcare, and IT benefit the most from MBD insurance.
4. Are there exclusions in a boiler and machinery policy ?
Yes, common boiler and machinery insurance exclusions include normal wear and tear, lack of maintenance, and external disasters like earthquakes.
5. How do I file a claim for machinery breakdown insurance ?
Contact your boiler and machinery insurance company, provide details of the breakdown, submit repair estimates, and wait for claim approval. Newgen Insurance Broking Pvt. Ltd. ensures a fast and hassle-free claims process.
