Machinery Insurance

SGI machinery insurance cover provides indemnity to the Insured with respect to items declared for insurance whilst on the premises suffer any unforeseen and sudden physical loss or damage from causes such as defect in casting and material, faulty design, faults at workshop or in erection, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short-circuit, storm, or from any other cause not specifically excluded under the policy. The policy shall apply to the Insured items after successful completion of their performance acceptance tests whether they are at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or in the course of the aforesaid operations themselves, or when being shifted within the premises, or during subsequent re-erection.