Machine breakdown insurance policies cover three essential types of equipment: pressure vessels, electrical equipment, and mechanical machines. This includes equipment such as boilers, compressors, turbines, transformers, and electrical panels. Need to also protect your production devices and IT equipment? Choose a special endorsement!
Often overlooked in commercial contracts, this coverage is crucial to avoid unexpected losses. Make sure your equipment coverage is complete and stay confident in the face of risks!
This policy provides strong protection against unexpected accidents causing sudden breakdowns or malfunctions that require immediate repair or replacement. Please note that normal wear and tear, deterioration, or corrosion due to maintenance are not covered.
Imagine a short circuit or operator error damages your equipment? You are covered for repair or replacement!
As a bonus, add an endorsement for perishable goods: for example, a butcher shop can be compensated for lost merchandise in case of refrigerator failure. Protect your equipment with fast and effective coverage!
Property insurance covers damages caused by external events (e.g., fire, theft), but it usually does not cover internal or mechanical breakdowns. Machine breakdown insurance fills this gap.
Yes, it can include an option to cover financial losses related to the interruption of your operations caused by a breakdown. This is a very useful addition to help limit the impact on your revenue.
Yes, the insurance can be customized to cover only specific equipment based on their importance or strategic value in your operations.