Insurers are reconsidering their stance on pricing and conditions for the global power industry following sustained heavy losses arising from machinery breakdown, fire and explosion, natural perils and associated business interruption.
What does MB stand for?
MB stands for Machinery Breakdown (insurance)
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of MB
We have 100 other meanings of MB in our Acronym Attic
- Mohamed Ali Zainal Abdulla (food and consumer goods, Bahrain)
- Modification of Polytaz
- Maintenance Zone Enhanced Enforcement Program
- Masami Akita Zbigniew Karkowski (collaborative noise music group)
- Maier and Zink Photography (Menlo Park, CA)
- Malaysian Association of Zoological Parks and Aquaria
- Machine Basin
- Machine Batch
Samples in periodicals archive:
00 Hardcover TP157 This guide for chemical engineers and process plant maintenance workers provides practical advice for the identification and correction of machinery breakdowns and other physical plant failures in common process production environments.
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.
Byline: DUBAI: 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.
RSA has fine-tuned its construction and engineering proposition based on extensive market research through the launch of flagship products including Construction All Risks, Erection All Risks, Delay-in-Start-Up, Machinery Breakdown (MB).