Our specialized team at Walton has the experience, expertise, resources and insight to evaluate your specific needs and design a customized solution

Machinery Breakdown Insurance

Scope of cover
• An all risks cover that indemnifies the insured against sudden and unforeseen physical loss or damage to the    insured items, necessitating their repair or replacement.

Risks covered
• Short-circuit, disruption, electrical overpressure
• Failure of operation of safety devices.
• Structural defects, material defects or defects of assembly.
• Fortuitous working accidents such as vibration, maladjustment
• Loosening of parts, abnormal stresses, fatigue, centrifugal force, excessive speed.
• Defective or accidental lack of lubrication, seizure, water hammer or local over heating.
• Obstruction or entry of foreign bodies

Machines which can be insured
• Electrical equipment –Alternators, generators, motors, rectifiers, switchgear and transformers.
• Mechanical plant –engines, turbines (steam, water or gas), blowers, compressors, pumps, machine tools and    refrigerators.
• Process machinery in such industries as cold storage, engineering and metallurgical, paper/pulp making, printing,    rubber/plastic and textiles

Underwriting considerations
• Size, age and condition of machinery and equipment
• Are maintenance procedures and testing performed per manufacturers’ recommendations?
• Are personnel competent and experienced?
• Is there a clean and explainable history of equipment failures?
• Is any equipment obsolete, prototype or “ one of a kind”?
• Does management have a preventative and predictive approach towards maintenance, including expenditures?

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