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What is Machinery All Risks insurance?

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What is Machinery All Risks insurance?

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Machinery All Risks Insurance

  • Machinery All Risks insurance covers your machinery and equipment against physical loss or damage caused by fire, flood, theft and other accidental damage.

WHY BUSINESS REQUIRES MACHINERY ALL RISKS INSURANCE?

  • Plant and machinery, and industrial equipment such as forklifts, and medical devices such as dental chairs and computed tomography (CT) scanners are expensive items purchased for business use. Standard maintenance contracts typically provide repair for normal wear and tear and daily operations only. Machinery All Risks Insurance protects these expensive assets against unexpected destruction from external causes.

Disclaimer

This webpage is not a contract of insurance and reference should be made to the actual policy for the exact terms and conditions applicable. It does not constitute an offer to buy or sell an insurance product or service. It is also not intended to provide any insurance or financial advice. All insurance products described in this webpage are products of and underwritten by MSIG Insurance (Singapore) Pte. Ltd and not Standard Chartered Bank (Singapore) Limited. Standard Chartered Bank (Singapore) Limited shall not be liable in any manner whatsoever regarding your application or the contract of insurance. In facilitating insurance arrangements or in referring customers to any insurer, the Bank is acting in alliance with the insurer and not as an agent for customers.  This webpage is being distributed for general information only and it does not constitute an offer, recommendation, solicitation to enter into any transaction. You may wish to seek advice from a licensed or an exempt financial adviser before making a commitment to purchase this product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.