Equipment Breakdown
Your business relies on the equipment you use daily, like electrical switchboards, refrigaration equipment, telephones, lifts, air conditioning, production machinery and server networks.
Equipment breakdown can result in significant interruption to your business activity, so it’s essential that you have adequate insurance.
Who is it for?
Equipment Breakdown Insurance is simple to set up, and is designed to cover the cost to repair or replace any equipment that breaks down at your insured location. It can also cover business interruption costs, and spoilage losses that may result from equipment breaking down.
Offering broad coverage and higher limits of liability than traditionally offered on the market, Equipment Breakdown Insurance also comes with a dedicated risk engineering team and a responsive, knowledgeable claims team.
What does this insurance cover?
-
equipment breakdown coverage, based on a single broad definition of ‘equipment’ which incorporates today’s technologies
-
business interruption coverage
-
cover for losses arising from service interruption, due to failure of utility or landlord’s equipment used to supply services such as electricity, internet, gas or water
-
cover for spoilage of stock
-
green upgrade enhancement (+50% of repair/replacement)
-
data restoration costs