Basics of Machinery Breakdown (MB) Insurance

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Introduction

The coverage provided under the MB Insurance policy will be discussed in this programme. A few examples of relevant claims will be used to highlight how the policy responds to a breakdown loss.

Relevant case studies will also be used to share the issues relating to this class of insurance.

 

Learning Objective

  • Learn about the coverage afforded under the MB policy.
  • consider relevant clauses that may be applied under this cover.
  • Appreciate how the claims are triggered and processed for this class of insurance.

 

Program Duration

1 Day

 

Program Content (9.00am -5.00pm)

  • the need for this class of insurance in the industrial and manufacturing sectors
  • consideration by underwriters for MB cover
  • Related clauses and consequential loss coverage will also be addressed.
  • claims examples will be used to enhance the teaching process

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