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Machinery Breakdown Insurance

Features & Benefits

  • Requirements

    Manufacturing is like the nerve center of the industrial sector. A lot of modern businesses depend on their ever-growing manufacturing power, and the machines used represent a major investment for businesses. Unexpected damages can affect your production capability, and in extreme situations, even stop it completely. This is when a Machinery Breakdown Insurance can help you out.

  • Benefits

    Physical damage to machinery from accidents or unforeseen circumstances can slow down or even halt production, and can majorly affect your business. This policy provides coverage for the heavy additional costs that have to be paid for repairing or replacing affected machinery.

  • Sum Insured

    The sum insured under this policy is the replacement value of the equipment, duties paid, freight charges, and erection costs. The value of foundation blocks or brickwork, lubrication oils, etc. is decided separately.

  • Premium

    The premium is calculated on the basis of the type of equipment insured and their capacity. Different machinery attracts a different premium.

For more information, please read the policy wordings.*Terms & Conditions apply.


You can avail this policy if you are:

  • The owner(s) of the machinery
  • Lessor / Lessee of the machinery
  • Different parties with financial interests in the machinery

For complete eligibility, please read the policy wordings.​​

This insurance policy compensates you for the costs of repair or replacement arising from covered, unforeseen circumstances. This coverage is effective even if the equipment is not in use, has been dismantled for maintenance or overhauling, or is being moved on your premises.

With an additional premium, the policy can be extended to cover the following:

  • Escalation
  • Property surrounding insured equipment
  • Third party liability
  • Express freight, overtime, holiday wages etc.
  • Air freight
  • Additional customs duty

For a more exhaustive list and other details, please read the policy wordings.

Machinery Breakdown insurance is for the electrical and mechanical equipment in industry. Electronic equipment like computers, medical, and biomedical equipment are not protected. This policy has a list of ‘named excluded perils’ which are specific risks that will not be covered. These risks include:

  • Fire
  • War and nuclear disasters
  • Damage due to overload
  • Wear and tear
  • Wilful act of damage
  • Gross negligence
  • Pre-existing defects known to you

The policy is also subject to deductible excess, as will be specified in the policy wordings.

For a more exhaustive list, please read the policy wordings.

Why Commercial Insurance

Listen to Our Customers

The Client has highly appreciated the inputs and report from Mr. Sudhanshu.
Its because of him we were able to convince the client to move to Liberty along with local sales support.​

Rohit Kapoor

We find the report is very exhaustive in bringing out the risk exposures and the works the client has to carry out for risk elimination. Surely the client will be benefited by the suggestions you have put forth.​


The contents of your newsletter are quite interesting and informative.

This will help in creating awareness in the industry about the loss prevention and good maintenance.

Thanks for the good work you are doing.​


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Registration Number: 150 | ARN- ADVT/2017/May/22 | CIN: U66000MH2010PLC209656

© 2017 Liberty Videocon General Insurance Co. Ltd.

Reg Office: 10th floor, Tower A, Penisuala Business Park, Ganpat Rao Kadam Marg, Lower Parel, Mumbai - 400013

Trade Logo displayed above belongs to Liberty Mutual and used by the Liberty Videocon General Insurance Company Limited under license. For more details on risk factors, terms & conditions please read sales brochure carefully before concluding a sale.