Safeguard your
Continue with normal business operations even if
machinery breaks down.

What is Machinery Breakdown Insurance?

This insures the policyholder against damage to machinery (already fixed and in use) caused by breakdown, principally from sources within the Machine.
What's in it for you?
  • Electrical equipment
  • Boiler and Pressure Vessels
  • Mechanical equipment
  • Production Systems

The Machinery Breakdown Insurance covers:

Construction vehicles on a construction site
How does it work?

Machinery Breakdown covers the cost to repair or replace the insured equipment and any other property damaged by the equipment breakdown. Resulting business income loss is covered as well.

Construction vehicles on a construction site, lined up side by side


At Old Mutual Nigeria, we continuously strive to make insurance more convenient, affordable, and dependable.

Here is what you need to know about the Machinery Breakdown cover:
    • Fire and allied perils
    • Theft
    • Make and type of equipment;
    • Year of manufacture;
    • Current replacement value.

    Yes, installments can be made in annual, biannual, or quarterly installments.

    No, your policy is not transferable.

    A renewal notice will be sent to you before the expiration of the policy.

    Your policy document will be ready 24 hours after a certificate has been issued.

    • Non-payment of premiums are considered
    • Inability to substantiate the claim