Machinery Breakdown (MBD)

MACHINERY BREAKDOWN (MBD)

Comprehensive machinery breakdown coverage protecting all equipment and minimising loss from any cause.

PROTECTING YOUR MACHINERY, MINIMISING DOWNTIME, AND SAFEGUARDING YOUR BUSINESS

Sukoon Machinery Breakdown (MBD) Insurance protects your business from loss of profits caused by machinery or equipment failure, ensuring operations continue smoothly. The MBD policy covers all types of plants, machinery, and mechanical equipment, providing reliable protection for your assets. MBD insurance usually supplements the coverage provided by fire insurance, safeguarding against a wide range of potential causes of loss or damage. This helps minimise downtime and financial impact while giving you peace of mind.

SCOPE OF COVER

Note: The sum insured should be equal to the cost of replacement of the insured machinery by new machinery of the same kind at the same place (value of the new item plus customs duties plus transportation and installation charges).

  • Defects in casting and material
  • Faulty design
  • Faults at the workshop or in the erection
  • Bad workmanship, lack of skill, carelessness
  • Shortage of water in the boilers
  • Physical explosions
  • Tearing due to centrifugal force
  • Electrical causes, such as a short circuit

your questions answered

We are here to help. Find the most commonly asked Machinery Breakdown (MBD) Insurance questions.

No, any loss or damage to items that are immediately affected by the above are not covered. However, your insurance can be extended to cover any loss or damage to the correctly executed items resulting from an accident that happened because of faulty design, defective material or workmanship.

Yes, the insurance is valid on any airline as long as the passenger is assigned a proper seat.

No, it's not. It totally depends on you. But we would say that it is advisable.

So, this is how it goes. You will need to estimate the maximum value of the stock that you may be holding at a particular point of time during the policy. This will be considered as the sum insured and the premium rate is charged based on this amount.

At the beginning of each month, you will need to declare the highest value of the stock that you were holding during the previous month. The same will be considered as the declaration for that month. At the end of the policy period, the premium is adjusted based on the average monthly declarations provided by the insured.

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  • HEAD OFFICE

    Sukoon Building,

    Omar Bin Al Khattab

    Street, Next to Al Ghurair

    Mall

    Deira, P.O. Box 5209

    Dubai, United Arab Emirates

  • WALK-IN VISIT

    Visit any of our branches to get expert advice, complete your application, and enroll on the spot.

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