Machinery Breakdown Insurance for your business

Breakdown Insurance for your machinery

Would one of your machines breaking down cause a disruption to your business?

Many Companies have machinery that is essential to the running of their business.  Should these machines suffer a breakdown, it can result in unplanned and costly repair bills.

However, it is possible to insure against breakdowns of one or all of your machines, and you can also insure against the subsequent loss of profits following a breakdown of your machines.

What does the breakdown insurance policy cover?

The policy can cover breakdown, including sudden and unforeseen damage, including cover for explosion, collapse and accidental damage.
Also for pressure plant, the cover can be extended to cover damage to your own surrounding property or property in your custody  caused by damage to pressure plant  e.g. a boiler explosion

Where can these items be covered?

The engineering breakdown cover can be provided anywhere in Great Britain, Northern Ireland, the Isle of Man and the Channel Islands

How many machines can I cover?

You may cover an individual machine, a number of specified machines or indeed all the machines in your business.

Can these machines be covered on a new for old basis?

Yes, the machinery is covered for reinstatement as new and you should therefore insure the machine for its new replacement value.  The only exception to this is that self propelled mobile plant or equipment is normally insured on an indemnity basis, so that any insurance settlement will reflect the value and the condition of the property at the time of loss

If I had a claim for loss of profits following a breakdown of one of my machines how much would I be covered for?

When we prepare a quotation for you, we will tailor this cover to suit your company and your individual level of gross profit.  We will discuss with you how long you would need the cover for (e.g. 3 months, 6 months, 12 months) and tailor the quote accordingly

Ring Adrian on 0116 284 6097 for a quotation on your machinery breakdown insurance

OR complete the machinery breakdown insurance enquiry form

Examples of types of equipment that can be covered for machinery breakdown insurance:-