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When selecting assets to be covered by the insurance of machinery from damage we advise to take into consideration the following criteria:
- machine value
- importance of a device in the primary production process
- degree of exposure to the risk of mechanical damage
- effects of a machine damage (substitutability) for production downtime and consequent financial losses
Therefore, it is crucial to define a functional production system. Defining such a system should include analyzing possibility of a damage in any of the elements of the technological process which limits or disables production at normal level. It is substantial for insurance purposes to create a separate description of this system.
