Unplanned equipment failure can idle an entire plant and drain working capital in minutes. A dedicated machinery breakdown policy absorbs those shocks by paying for repairs, replacement parts, and the income you lose while production is down. That safety net keeps factories, power stations, and commercial buildings running smoothly even when a turbine seizes or a boiler ruptures.
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Core Protections You Receive
- Material damage – repair or replace machinery, boilers, and pressure vessels after sudden, unforeseen breakdown.
- Boiler and pressure-vessel explosion – cover blast damage to the unit itself and surrounding property.
- Business interruption – reimburse lost gross profit, standing charges, and extra expenses to keep customers supplied.
- Expediting expenses – fund overtime labor, air freight, or express manufacturing for urgent parts.
- Debris removal and professional fees – pay for cleanup plus engineer or surveyor costs needed for safe reinstatement.
Optional Extensions for Complete Peace of Mind
Because every operation is unique, we can add cover for:
- Deterioration of stock after refrigeration-plant failure
- Loss of profits from utility supply interruption
- Testing and commissioning of new lines
- Increased cost of working for temporary equipment hire
- Supplier and customer exposures that interrupt your revenue stream
These extensions integrate seamlessly so you avoid costly coverage gaps.
How We Optimize Your Program
Our in-house engineers benchmark your maintenance logs and non-destructive test results against industry peers, model realistic loss scenarios, and negotiate competitive premiums with transparent wording and stable multi-year rates. We also deliver on-site training that strengthens inspection routines and reduces claim frequency.
Fast, Expert Claims Support
When equipment fails, time equals money. Our dedicated claims advocates act within hours, coordinate forensic engineers, secure advance payments for replacement orders, and conduct post-settlement root-cause reviews so the same loss does not recur.
Getting Started
If your plant relies on turbines, compressors, or high-pressure vessels, a machinery breakdown policy is not optional—it is essential risk management. Talk with our Corporate Risk Services team today to design a solution that keeps your machinery (and your balance sheet) working at peak performance.