This cover caters for sudden and unforeseen damage to plant and machinery due to breakdown of its working parts. Full information on the plant, manufacturers, year of manufacture and manufacturer’s operating capacity must be provided. A survey of the plant is usually required in order to ascertain its condition. Where any part or area of the plant is required to be inspected by the authorities, a current certificate of inspection must be submitted.

The Insured must have a written maintenance policy in keeping with the manufacturer’s specifications and must maintain a log of all maintenance.

The sums to be insured must represent replacement values and the policy is subject to the condition of average. (See glossary for explanation of Average)

Beacon’s underwriting consideration(s): The nature of the business, the value of the equipment also whether new or second hand. A proposal form must be completed, and the policy is subject to an excess.