Machinery Breakdown Insurance

Protection against equipment failure and costly downtime

Safeguard Critical Machinery from Internal Failures
Machinery Breakdown Insurance covers sudden mechanical or electrical failures, ensuring business continuity and protecting capital-intensive assets.
Mechanical Failure
Electrical Breakdown
Business Continuity
Key Benefits of MBI

Comprehensive Coverage

Protects against mechanical/electrical failures, short circuits, boiler explosions, operational errors and foreign-object damage.

Business Continuity Support

Pays for repair or replacement. Optional LoP add-on indemnifies lost profits during extended downtime.

Global Acceptance

Meets lender and contractual requirements for international projects and asset-finance deals.

Customisable Add-Ons

Expediting expenses, deterioration of stock, third-party liability, and more—tailored to machinery criticality.

What Does MBI Cover?
Covered RiskExample
Mechanical BreakdownBearing seizure, gearbox failure
Electrical FailuresMotor burnout, transformer explosion
Pressure System DamageBoiler or compressor rupture
Operational ErrorsOverloading, wrong calibration
Main Exclusions
Wear & tear or gradual deterioration
Design or manufacturing defects (unless endorsed)
War, nuclear and similar catastrophic risks
Loss solely due to production delays or penalties
Machinery Breakdown Illustration
Who Needs MBI?
Automobile, textile & chemical manufacturing
Power generation (turbines, transformers)
Oil & gas pumps, compressors & refineries
Steel & cement heavy-industry plants
Pharmaceutical & food-processing lines
Why Choose XtraTrust for MBI

Technical Risk Assessment

Engineers identify failure-prone components for precise underwriting.

Competitive Premiums

Strong insurer panel ensures cost-efficient pricing structures.

Fast Claims

Rapid surveys and settlements minimize downtime losses.

Integrated Solutions

Bundle with Boiler, CAR/EAR or CPM covers for seamless protection.

MBI Claim Process

Immediate Notification

Inform XtraTrust and insurer as soon as breakdown occurs; secure affected machinery.

Damage Inspection

Loss adjuster assesses root cause and verifies insured peril; collect maintenance logs.

Cost Estimate

Submit quotations for parts, labour and, if LoP endorsed, evidence of profit loss.

Claim Evaluation

Insurer vets documents against policy terms and deductibles, approving admissible costs.

Settlement & Reinstatement

Indemnity paid for repairs or replacement; operations resume swiftly with minimal disruption.

Pro-Tips for Robust MBI Coverage
Schedule predictive maintenance; lower claim frequency reduces premium loadings.
Update replacement values annually to avoid under-insurance penalties.
Select a deductible matching cash-flow tolerance to optimise premium.
Maintain detailed maintenance records and SOPs—critical for claim validation.
Consider LoP add-on if machinery downtime directly affects revenue streams.
Machinery Breakdown Insurance FAQs

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