Machinery Breakdown (MB) Insurance in South Africa

Machinery Breakdown (MB) Insurance offers protection against sudden and unforeseen physical loss or damage to machinery, which has been erected and is operational or at rest. It is 'accident' insurance for machines – for internal breakdown or derangement.

Machinery Breakdown Insurance - Calculate parts at new replacement value
Machinery Breakdown Insurance - calculate parts at new replacement value
Need Machinery Breakdown Insurance Assistance
Machinery Breakdown Insurance helps your business get back up and running as fast and efficiently as possible. Eliminate all risks.

If your business relies on any form of equipment that generates your income, then you need Machinery Breakdown Insurance. Imagine being in the refrigeration business and your unit goes dead, or if you manufacture goods and your equipment fails you - it would be devastating to your income!

The Machinery Breakdown Insurance cover options are really very wide. It may extend to heating systems such as: Boilers, electrical systems, mechanical, air conditioning, refrigeration, communication networks and many others.

There are a few leading insurers and underwriting managers offering products in this specialist insurance field.

These options may be confusing...

In fact, the smartest thing you can do is -- Get a specialist broker to do it for you!
Also, note the following guidelines, tips and considerations applicable to Machinery Breakdown Insurance:
  • If the equipment is active and being used, a Machinery Breakdown Insurance claim must arise through physical loss or damage. The incident must be unforeseen and not because of poor maintenance and due to mechanical or electrical nature.
  • If the equipment is not active or being reassembled, you may still enjoy cover at the premises.
  • The insurer may elect to replace, repair or reinstate.
  • It is common practice that your sum insured should be calculated on the basis of current new replacement value. Keeping in mind that some plant and machinery equipment may have to be imported. This will also bring about installation costs, custom and duty fees that may also be payable. To re-install the plant, will also require current labour rates.
  • Machinery Breakdown Insurance policies exclusions may include the following: Parts exposed to normal wear and tear, worn out parts not caused by the incident or risks covered under other policies.
  • Cover may be extended to include deterioration of stock – if your products are reliant on a controlled temperature. This cover may only come into effect upon a valid Machinery Breakdown Insurance claim.
Machinery Breakdown Insurance - Claims not due to poor maintenance
Machinery Breakdown Insurance - Claims should not be due to poor maintenance
Broker DirectorySmart insurance advice brought to you by professional insurance brokers!