Reliable Engineering Insurance Policies

Armourr Insurance Broking Private Limited

Engineering Insurance Policies

Armourr Insurance Broking Private Limited understands the importance of protecting your industrial assets. Our industrial insurance solutions are designed to provide comprehensive coverage, ensuring that your business remains resilient in the face of challenges.

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1. Machinery Breakdown Insurance Policy (MBD)

This policy is essential for all types of industries that depend on machinery for their operations. Policy covers breakdown of the machinery due accident and / or unforeseen circumstances. Repair and Replacement – both are covered. Selection of machinery for insurance is permitted. Machinery should be insured on reinstatement value instead of market value for actual claim reimbursement.

2. Contractor’s Plant and Machinery (CPM)

This policy covers the Contractor’s Plant and Machinery such as Earthmovers, Cranes, Excavators, Bulldozers etc. used for construction. Fire, Machinery Breakdown, accidental damages even immersion in the water is covered under the policy.

3. Electronic Equipment Insurance Policy (EEI)

This policy covers all types of electronic equipment such as Computers, communications system, data processing units and lab equipment used in the premises - office, factory, laborites and R&R stations etc. This policy covers loss / accidental damages to the equipment due to fire and allied risks, cost of data retrieval and additional cost for overtime.

4. Boiler Insurance Policy (BI)

This policy covers the explosion / implosion of Industrial Boilers and Pressure Vessels used in the Factory / Industrial premises. This policy covers third party liability also.

5. Machinery / Boiler Loss of Profit Insurance Policy

This policy loss / reduction of gross profit of the insured due to reduction in turn over after the breakdown of the Machinery by an insured peril. To avail benefit under the policy, the affected machinery must be covered under MBD / BI policy and the base claim is admitted under the BI/ MBD policy.