Machinery breakdown insurance covers the repair costs and business loss that follow a sudden, unexpected fault in your production machinery.
Machinery breakdown insurance covers the repair or replacement cost of production machinery and equipment when it suddenly breaks down due to material defects, workmanship faults, electrical failure or operator error, within the limits of the policy.
Production facilities, factories and any business relying on expensive machinery need machinery breakdown insurance to protect the continuity of production.
From production line machinery to generators, compressors and specialised production equipment, a wide range of machinery can be insured under this policy.
Faults resulting from neglected routine maintenance are generally excluded; the policy covers sudden, unforeseen breakdowns.
Business (profit) loss cover can be added on top of the standard machinery breakdown policy — this is discussed based on your needs when preparing your quote.
Wearing parts, consumables, faults covered by the manufacturer's warranty, deliberate damage and breakdowns caused by ignoring maintenance instructions fall outside the cover.
For repairable damage the repair cost applies; where repair is not possible the machine's market value on the date of loss is used. The deductible stated on the policy is subtracted from the settlement.
Yes. Regular maintenance records are the most practical way to show that a breakdown was sudden and unforeseen rather than the result of neglect, and they speed up the claims process.
We use cookies to enhance your experience on our website. For detailed information, please review our Cookie Policy.
