Machinery and Equipment Breakdown

Computers and Communication Equipment

Cover all of your computers including workstations and servers, phone systems, fire and security systems

Mechanical Equipment

Protect your office and warehouse machines, production equipment, elevators and pumps

Refrigeration & Pressure Equipment

Cover your cooling and refrigeration systems, boilers and other pressure equipment

How reliant is your business on your equipment?

You may elect to cover Machinery and Electronic Equipment Breakdown under your Business Cover or require a standalone policy. This will insure the costs involved to repair or replace plant or machinery, electronic hardware or computers - and optionally include restoration of data, or consequential loss of income - in relation to equipment used by your business. 

Some assume this is automatically covered under a business policy or commercial property policy but these are normally limited to storm or physical damage.

Example

Your premises contained a laundering service that suffered a loss when your industrial commercial ironer broke down due to mechanical fault.

The insurer agreed the breakdown was not due to deterioration, wear or tear, was well maintained according to the manufacturers instructions and under 5 years old. The ironer was inoperable until replacement parts were ordered, received and repaired by a qualified technician.

During the time the equipment was out of action, you needed to continue with your business activities, resulting in the need to hire temporary industrial commercial ironing equipment.

The policy could cover the cost of the replacement parts which needed to be ordered from overseas, inclusive of freight charges, labour and repair costs, as well as the additional costs incurred for temporary hire. Business as usual!