The cost of breaking down machinery and equipment can be significant and these can happen quite often, posing a high risk to the financial health of your business due to the high cost of restoration. Business property insurance does not usually pay for machinery and equipment accidents, especially given the unique causes of their breakdowns, so machinery insurance (MI) is necessary for these more unusual risks. We will work with you to assess the risks and design and negotiate a tailored insurance policy that will protect your company against equipment breakdown, property damage and business interruption.
Our Machinery Insurance (MI) policy covers all machinery and equipment of your business such as:
We cover damages caused by accidents such as:
Or from external risks such as: