Equipment Breakdown Insurance

Equipment Breakdown Insurance Service By WinRich Professional Services Pvt Ltd

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What Is A Equipment Breakdown Insurance

Equipment Breakdown policy is an engineering insurance cover for all kinds of plant and machinery units. This policy covers the cost of repairs or replacement of damaged parts resulting from unforeseen damages. Under this policy, the insured unit of machinery is protected whilst at work or at rest or when it is dismantled for cleaning, inspection and overhauling; additionally, the machinery unit will also be covered when it is moved to to another position or during their operations or subsequent re‐erection, provided these are performed within the same premises.

What does Equipment Breakdown Insurance cover?

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Bangalore, Karnataka
Our Services are available in Mumbai, Pune, Satara, Kolhapur, Delhi, Gujarat and surrounding areas.

Benefits

  • Reimbursement of the sum insured for the machinery and insured parts helps the business owner overcome the losses
  • It also protects other additional coverage items like air-freight, customs duty and labour charges, etc.
  • Some insurance companies also offer business interruption claims under the policy and offer discounts to policyholder to compensate for business losses in the absence of running the machinery
  • It provides comprehensive coverage to the machinery thereby giving great peace of mind to the business owners covering loss due to unskilled machinery operators, cranes or lift forks, etc.
  • Some plans cover detailed electrical, mechanical and electronic faults that may result in the complete or partial breakdown of the machinery
  • Insurance companies provide great customer support options to machinery owners and the process of claims is easy and transparent

Cyber Liability Insurance

This policy protects commercial businesses against a wide range of first and third party liability occurring out of cyber exposures.

Office Package Insurance

Protecting your home with insurance will give you a sense of security

Industrial All Risk Insurance

Protecting your home with insurance will give you a sense of security

Commercial Umbrella Insurance

Covers you against unforeseen circumstances which are usually not covered by any standard insurance policy

Importance of Equipment Breakdown Insurance

Equipment breakdown is one of the worst things that can happen to a business because production without machinery and equipment is impossible and delivery schedules are usually tight. Not meeting them calls for business penalties and tense business relations. Having large funds to repair or replace the machinery is not feasible. In such a case, having a backup plan is essential and Equipment Breakdown Insurance Policy serves as exactly that.

The Equipment breakdown policy covers your machinery in case of an unforeseen sudden breakdown. Call us to know more.

Address

No: 183, Viharis Travels Bldg, 15th cross, Margosa road, Malleshwaram, Bangalore – 560 055
KARUNA COMPLEX with unit no. G4 , Ground floor, 337/3, Sampige Road, Malleswaram, Bangalore 560003

Contact Details

Phone No: 9880594132
Email: knsridharan@winrich.in
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WinRich Professional Services Pvt Ltd

Our services are available in Bangalore and surrounding areas.

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Bangalore, Karnataka

No: 183, Viharis Travels Bldg, 15th cross, Margosa road, Malleshwaram, Bangalore – 560 055
KARUNA COMPLEX with unit no. G4 , Ground floor, 337/3, Sampige Road, Malleswaram, Bangalore 560003