Due to technological advances, companies are finding that machinery breakdown insurance is an essential component of any well-rounded insurance program. All types of machinery, plant, mechanical equipment and apparatus may be covered under the machinery breakdown insurance.
Power generating units (boilers, turbines, generators), power distribution plants (transformers, high & low tensions equipment) as well as production machinery and auxiliary equipment (machine tools, weaving looms, paper machines, kneaders, pumps, compressors, pipes, tubes, etc) can be covered under this policy.
This policy is extremely important for everyone who operates machinery. Large enterprises using large units and fully automated production plants definitely need to be covered under this policy.