Traditionally, this insurance product was applied to insure mechanical equipment and machinery such as turbines, generators, transformers, pumps and electric motors as well as pressure vessels like boilers, heat exchangers, and the pipe structures of chemical plants.

Today this insurance covers practically every kind of machine from metal processing equipment to helicopter rotors and ski lift mechanisms. Trigger of indemnification must be a loss caused by mechanical or technical failure, lack of lubrication or even “operator error” by a worker.

The property insured can be the most valuable single machine, or a group of machines, however the most preferable solution is to insure all the equipment with no inventory needed.