LASACO Machinery Breakdown Insurance

Pays for loss or damage to machinery, plants and equipment due to sudden accidental damage

Features of Machinery Breakdown Insurance Policy

Electrical Damage

Provides indemnity for loss or damage resulting from Short circuiting, excess voltage & electrical arcing, faulty design, faulty material and faulty casting.

Technical Faults

Provides indemnity for loss or damage resulting from carelessness and lack of skill in the operation and maintenance of machinery, vibration, maladjustment

Mechanical Damage

Defective lubrication, loosening of parts, Abnormal stress, fatigue, self heating and misalignment

Requirements

  1. Completed Proposal form/Brokers Slip
  2. Details of the Plant(s)/Machines
  3. Completed Know your Policyholder form
  4. Copy of Certificate of Incorporation for Corporate clients
  5. Identification document for individual/sole proprietor client (any one of the below will suffice):
  • i. copy of Data Page of International Passport
  • ii. copy of National Identity card
  • iii. copy of National Driver’s License
  • iv. copy of Voter’s Card
  1. Policy/Endorsement document
  2. Confirmation of premium payment

A suite of amazing policy benefits tailored to your specific needs

Ensure Business Continuity

 

Our householder insurance ensures the continuity of your business/home in case of damage to properties caused by fire.

Promotes Confidence

 

Our householder insurance helps you reduce the burden of risk and uncertainties faced every day, giving you the confidence you need.

Ensures Financial Protection

 

Relieves you of the financial burdens that come with lawsuits, compensations, and replacement to personal or 3rd party assets and/or properties.

Positive Claims Experience

 

We assure you a speedy turnaround time for claims and as stress-free possible

CONTACT US

LASACO House,

Plot 16 Acme Road Ogba,

P.O. Box 3724

Ikeja, Lagos, Nigeria.

info@lasacoassurance.com
07000LASACO(07000527226)

 

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CONTACT US

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National Insurance Commission (RIC 023)

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