An effective insurance cover for machinery at work, at rest or undergoing maintenance, this policy covers unforeseen and sudden physical loss or damage to the insured items, facilitating their immediate and rapid repair and / or replacement. This policy can be supplemented with the Fire Insurance for Industrial / Business Premises for stronger, comprehensive coverage.
Loss or damage caused due to electrical or mechanical breakdown of machinery will be covered under this policy.
- Policyholder should have an insurable interest on the asset
- Policyholder should be eligible to sign an insurance agreement as per the legislation framework of Sri Lanka
- Insuring property / assets should be within the geographical limits of Sri Lanka
Sri Lanka Insurance is the pioneer insurance company in the island with a history spanning 57 years. Being backed by the state has added to its strength and credibility while it has the most experienced technical knowledge base. Its Life Fund in excess of LKR 134 billion and asset base of over LKR 235 billion are unmatched in the industry.