Machinery Breakdown (MB)

If the common property insurance (property all risks, industrial all risks…) cover for “external causes” to machines such as fire, storm… this insurance will cover property against unforeseen physical loss or damage from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short-circuit, storm…

• loss or damage to exchangeable tools, e.g. dies, moulds, engraved cylinders
• loss or damage for which a supplier, contractor or repairer is responsible either by law or under contract
• loss or damage arising out of the wilful act or gross negligence of the Insured
• loss or damage as a direct consequence of the continual influence of operation (e.g. wear and tear, cavitation, erosion, corrosion, rust, boiler scale);