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Acronymfinder

What does MB stand for?

MB stands for Machinery Breakdown (insurance)


This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

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We have 100 other definitions for MB in our Acronym Attic

Samples in periodicals archive:

The workshop also covered the technical aspects of underwriting engineering insurance policies including Contractors' All Risks (CAR), Erection All Risks (EAR) Advanced Loss of Profit (ALOP), Machinery Breakdown (MB), and Electronic Equipment (EEI).
Similarly, banks/ DFIs while taking an exposure on infrastructure project shall ensure that the Project Company has obtained, or made arrangement to obtain, valid and enforceable insurance coverage for potential risks associated with infrastructure project, where applicable, but not limited to, physical loss or damage to projects assets during construction- CAR (Contractors All Risks), liability to third parties (public liability), loss or damage to assets during transportation (marine), machinery breakdown, loss of profit etc.
The insurance can be tailored to meet the needs of businesses of all shapes and sizes and can include protection against fire and theft, employee and public liability, professional indemnity, tool/equipment and business interruption for, say, machinery breakdown.
Qatar has restarted operations at a plant that accounts for more than a quarter of its liquefied natural gas (LNG) capacity after a machinery breakdown earlier this month halted output, Qatargas said.