365 AGENCY
Machinery and Engineering Insurance
MACHINERY AND ENGINEERING INSURANCE
Machinery Breakdown Insurance
Machinery breakdown insurance is engineering insurance that covers the sudden and unforeseen damage to the insured machinery, plant or equipment whilst either at work or at rest and during the cleaning, maintenance, overhauling, inspection or removal to another position within the premises.
Policy highlights
Key coverages
Machinery Breakdown Insurance
Machinery breakdown insurance is engineering insurance that covers the sudden and unforeseen damage to the insured machinery, plant or equipment whilst either at work or at rest and during the cleaning, maintenance, overhauling, inspection or removal to another position within the premises.
Policy highlights
Key coverages
- Faulty material, design, construction and erection
- Vibration, mal-adjustment or mal-alignment
- Defective lubrication, loosening of parts, abnormal stress, molecular fatigue, self-heating centrifugal force
- Excessive electrical pressure, due to atmosphere electricity or otherwise
- Short circuits or arcing
- Lack of skill and carelessness in handling the machinery
Machinery breakdown loss of profit insurance
Machinery breakdown loss of profit insurance is engineering insurance that complements the machinery breakdown policy by providing cover for resultant loss arising from material damage claim.It also covers the loss of profits from the damages covered under the machinery breakdown policy.
Policy highlights
Key coverages
- Loss of gross profit
- The continuing business expenses (standing charges) including the salaries and wages paid to employees
- Increase in cost of working, i.e. the additional expenditure necessarily and reasonably incurred for avoiding or diminishing a reduction in turnover
Recent news on factory:
Sony builds unmanned TV factory in Malaysia to cut costs to catch up with rivals
https://min.news/en/economy/7b49aa626eec671cb7163d3eca6e269e.html
Exploding machine falls on workers at Rawang factory, killing 3
https://www.thestar.com.my/news/nation/2018/08/25/exploding-machine-falls-on-workers-at-rawang-factory-killing-3
Moving beyond awareness to adoption of IoT
https://www.malaysiakini.com/announcement/563190
Foxconn replaces '60,000 factory workers with robots'
https://www.bbc.com/news/technology-36376966
Sony builds unmanned TV factory in Malaysia to cut costs to catch up with rivals
https://min.news/en/economy/7b49aa626eec671cb7163d3eca6e269e.html
Exploding machine falls on workers at Rawang factory, killing 3
https://www.thestar.com.my/news/nation/2018/08/25/exploding-machine-falls-on-workers-at-rawang-factory-killing-3
Moving beyond awareness to adoption of IoT
https://www.malaysiakini.com/announcement/563190
Foxconn replaces '60,000 factory workers with robots'
https://www.bbc.com/news/technology-36376966
365 Agency Sdn Bhd (1375549-U)
Are you keen to earn extra income from recommending General Insurance to your friends/relatives? Contact us today, we have attractive packages that will allow you to earn right away. Below are the list of insurance we cover.
Are you keen to earn extra income from recommending General Insurance to your friends/relatives? Contact us today, we have attractive packages that will allow you to earn right away. Below are the list of insurance we cover.
Image by Gerd Altmann from Pixabay
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We are also in partnership with international reinsurance companies as well as provider of insurance for 40 public listed companies in Malaysia. Hence we can cater to large specialized and customized insurance needs. Talk to us today if you have a need that cannot be fulfilled by smaller insurance agencies. Smaller agencies also has the opportunity to partner with us and tap into our vast network as well. We are a member of PIAM, Persatuan Insuran Am Malaysia.
Contact us for more information
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Address:
365 Agency Sdn Bhd (1375549-U) 38-2, Jalan Ramin 2/ks7, Bandar Botanic 41200 Klang, Selangor Contact: 03-3319 9468 FB: https://www.facebook.com/365AgencySdnBhd Email: [email protected]
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