Machinery Breakdown Insurance protects businesses that rely on heavy machinery and industrial equipment. Unexpected failures can result in costly repairs, potential downtime, and financial loss. This coverage ensures that repair or replacement costs are handled, helping businesses avoid operational interruptions and maintain productivity. From manufacturing equipment to essential electrical systems, find out precisely what is covered by machinery breakdown insurance and why it's critical for your business.
Covers repair and replacement costs to minimise the financial impact of machinery failure.
Ensures quick recovery from unexpected breakdowns, keeping your business running.
Tailor your equipment breakdown insurance to fit the unique needs of your machinery and industry, with options for industrial equipment insurance and additional coverage for business interruption.
Machinery Breakdown Insurance covers repair and replacement costs, offering essential support that protects businesses from major financial setbacks when essential equipment fails.
Minimise downtime with rapid repair support, ensuring that operations can resume quickly, helping to maintain productivity and revenue flow.
Provides an effective solution for managing equipment-related risks, covering unexpected repair expenses and helping businesses stay prepared for sudden machinery breakdowns.
Comprehensive protection against sudden and unexpected physical damage to machinery, covering incidents like overheating, pressure issues, or electrical faults that lead to operational failure.
Coverage extends to accidental damage due to component breakage, wear from sudden stress, and other unforeseen mechanical issues.
Includes support for repairs related to short circuits, power surges, and electrical malfunctions, providing essential coverage for power-dependent equipment.
An optional add-on that covers lost income and fixed expenses during downtime, ensuring stability in revenue and continuity of operations.
Options for additional expenses such as expedited shipping for essential parts, temporary machinery replacements, and reinstallation costs to minimise impact on operations.
For businesses with essential production equipment and heavy machinery, this insurance safeguards against high repair costs and minimises downtime.
Facilities that rely on equipment like HVAC systems, elevators, and escalators can maintain seamless operations, ensuring customer satisfaction and reducing disruption risks.
From construction to transportation sectors, companies can secure financial protection for specialised machinery essential to daily operations.
Offers flexible limits tailored to the specific value and importance of each piece of machinery, ensuring your business is fully protected without paying for unnecessary coverage.
Choose from various deductible options to manage premium costs effectively while controlling potential out-of-pocket expenses.
Includes standard exclusions like wear and tear, deliberate damage, and regular maintenance costs, allowing coverage to focus on unexpected breakdowns.
Add optional coverage extensions such as business interruption, surrounding property damage, or enhanced protection for additional equipment, ensuring comprehensive coverage for your operations.
Machinery Breakdown Insurance covers various risks, including sudden electrical and mechanical breakdowns that can lead to costly repairs or replacements, ensuring operational stability.
Reach out via our website, phone, or email to connect with our knowledgeable insurance experts. They are ready to delve into your business's unique needs and address any inquiries you may have.
We'll organise a consultation to evaluate your business's physical assets and pinpoint potential risks. During this meeting, we will guide you through various coverage options, limits, and additional protections, such as Business Interruption.
We will use the insights gathered to prepare a personalised insurance quote that matches your business requirements. We'll go over this quote with you, detailing policy specifics, deductibles, and premium choices for complete understanding.
When you decide to proceed, we'll finalise your policy. Our team will assist you through the necessary paperwork, ensuring a seamless and straightforward process.
With your insurance secured, you can manage your business with assurance, knowing your assets are safeguarded against unexpected events. If you need to file a claim or adjust your coverage, our dedicated team at MIR will handle the entire claims process for you, providing support and guidance every step of the way.
