What is Machinery Breakdown Insurance?*
Machinery Breakdown Insurance, as the name implies, typically refers to the cover for your physical business machinery, equipment and plant if they breakdown or are damaged.
A suitable Machinery Breakdown Insurance policy may cover the cost of repair or even replacement equipment.*
While the concept of Machinery Breakdown is simple enough each insurance company has different inclusions and exclusions so it is important to understand what is and what isn’t covered by machinery breakdown. Your friendly SMART Business Insurance broker can assist with any questions and requirements you have on 1300 542 573.*
What Equipment can Machinery Breakdown Insurance cover?*
Types of Equipment that may be able to be covered with a suitable Machinery Breakdown policy include :
- Air conditioning Equipment
- Electronic Equipment
- Mechanical Equipment
Please note: items such as stock, contents typically require separate cover.
Not sure what insurance you need to suitably protect your business against the financial impact of machinery breakdown?
For more information on what covers are generally taken for your type of equipment please TALK to one of our helpful business insurance brokers on 1300 542 573.
Machinery Breakdown Insurance Broker*
Our helpful small business insurance brokers may be able to help you find suitable cost effective machinery breakdown cover for your equipment.
Depending on the type/s of machinery, equipment or plant you want to cover, the value and age of your machinery, the functions performed by your equipment, your claims history, , and the equipment maintenance measures you have in place will impact the cost of insurance protection and certain insurance companies may offer better terms.
Machinery Breakdown insurance costs and quotes*
Where possible our friendly insurance brokers will obtain multiple quotes on suitable machinery breakdown insurance policies from leading insurance companies such as Vero, QBE, Zurich and AIG or obtain a competitive quote from a specialist underwriter.
For more information on machinery breakdown insurance requirements, including what cover other similar businesses generally take, TALK to a SMART Insurance broker on 1300 542 573.
1300 542 573
TALK to a SMART Business Insurance adviser
*Important: Cover may be available subject to meeting insurers underwriting criteria. Some of the covers listed may or may not be available or may have limitations or exclusions. Cover inclusions vary significantly from insurer to insurer. DO NOT rely upon the above. Check your policy schedule carefully for inclusions and exclusions and limitations. Talk to a SMART business insurance broker on 1300 542 573 for more information.