This insurance covers loss of or damage to your machines and the machinery process. There are a number of cover options available:

Sudden and Unforeseen

This is the widest form of cover and provides indemnity against breakdown, explosion, collapse and damage by accidental causes, which necessitates repair or replacement of the plant.

Breakdown, Explosion or Collapse

Provides indemnity for damage to plant arising from mechanical and electrical defects in the equipment, occurring under normal working conditions. For pressure vessels, damage to the item’s permanent structure by its own internal steam or fluid pressure or loss of steam or fluid pressure causing the item to explode or collapse.

Accidental Damage

Provides cover for damage to plant for any cause other than its own explosion, collapse or breakdown.

Cover for loss of profit or revenue following insured loss or damage at the premises. Cover extends to include:

• Payment of expenses which continue to be incurred despite a reduction in turnover
• Additional expenses incurred which assist in preventing or minimising the reduction in turnover, such as overtime payments, hiring alternative machinery or the cost of provisional repairs.
• Accountant’s fees incurred by you in producing information required by the Insurers