This is an all risks “Accident” insurance and provides indemnity against unforeseen and sudden physical loss or damage to specified machinery, plant, mechanical equipment and apparatus arising from the following causes not excluded in the policy. Such covered causes are:-

• Faulty design, faults at workshop or in erection, defects in casting and material
• Faulty operation, lack of skill, negligence, malicious acts.
• Tearing apart on account of centrifugal force
• Physical explosion, fuel gas explosion in boiler
• Short- circuit and other electrical causes

• Fire and associated perils
• Wilful act or gross negligence
• Existing defaults known by the insured at inception or renewal
• Theft or burglary

• Excess

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