This policy provides coverage for unforeseen and sudden physical loss or damage to machinery and plant equipment that arises from mechanical or electrical breakdown. This can occur while the machinery is in operation, at rest, or being dismantled and re-erected. Machinery Breakdown insurance is vital for manufacturing plants, factories, and other industries with heavy reliance on equipment. It protects against losses caused by defects in design, faulty material, bad workmanship, short-circuiting, and other internal or external causes. Coverage can also be extended to include business interruption losses that may result from a breakdown.
