Machinery breakdown insurance

What is machinery breakdown insurance?

While standard contents insurance covers fire and theft, machinery breakdown insurance covers "invisible" damage. This includes issues such as material failure, short circuits, or if a foreign body enters the machine and damages it from the inside.

Why machinery breakdown insurance is important

For a manufacturing company, a broken shaft or a short-circuited control box is catastrophic. Many make the mistake of believing that the warranty or contents insurance covers this, but they rarely cover technical breakdowns.

Be aware of age limits. Many companies significantly reduce coverage once the machine reaches a certain age. We often see businesses paying for coverage on machines that the insurance company has in reality written down to zero.

How Leaf helps

• Technical audit: We review your machinery and identify the critical points where a breakdown would halt production.

• Terms and conditions check: We ensure that your machinery is not too old to be adequately covered.

• Risk calculation: We help find the balance between excess and premium, so you are covered when it really matters.

Let us analyse your machinery breakdown insurance and ensure that technical faults do not pull the plug on your production