On payment of additional premium, following additional risks also can be insured:
- Damage to foundation of machinery.
- Damage to oil in electrical apparatus.
- Overtime Wages and Holiday Wages.
- Express Air freight (excluding air freight), holiday rates, overtime charges.
- Additional custom duty over and above the percentage of duty included in the original sum insured.
- Own surrounding property damage to the insured's own existing property.
- Third party liability on the insured for bodily injury or property damage caused due to the machine.
It does not cover losses due to Fire and allied perils, overload experiments/tests, gradual wear and tear, willful act of negligence, contractual liabilities and consequential losses. The policy is highly suitable for covering heavy machineries like transformers, turbines,compressors, generators, motors, textile machineries,printing press machinery, plastic manufacturing machines and so on.