Machinery & Equipment Insurance
Protect your equipment against the unknown, including machinery breakdown
What is Machinery and Equipment Insurance
Equipment and Machinery Insurance is designed to provide industrial strength protection and comprehensive cover for your equipment and machinery.
It’s a comprehensive insurance cover tailored around small to medium business operations, that incorporates Ausguard outstanding claims service, unparalleled expertise, and our essential local knowledge which provides industrial strength protection for your equipment and machinery.
What does machinery & equipment insurance cover?
Machinery and Equipment Insurance covers your machinery for accidental damage, vandalism, or theft. Policies can be tailored to also include cover for hired in plant, loss of revenue, breakdown, road risk and legal liability.
Machinery and Equipment Insurance cover can include:
- Cranes and Tower Cranes
- Earthmoving Equipment (Backhoes, Excavators, etc.)
- Forklifts and Scissor Lifts
- Lifting Equipment
- Concrete and Water Truck
- Drilling Machines (Rock Breakers and Borers)
- Farming Equipment and Machinery
- Forestry Equipment (Wood Chippers, Mulchers etc.)
Why is it important?
Your business depends on your equipment and machinery, so we’ve made it simple to protect it with our Yellow Cover Equipment and Machinery Insurance. This includes:
- Comprehensive commercial motor cover
- Downtime cover; and
- Breakdown service, accessible nationwide.
Whether it’s compact equipment or heavy machinery. We’ve got you covered
Who should consider it?
Equipment and Machinery Insurance is designed for small to medium-sized businesses who own items of equipment and machinery, and associated registered vehicles with a gross vehicle mass (GVM) above 3.5t.
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Frequently Asked Questions
Machinery and equipment insurance provides coverage for damage, breakdowns, or loss of machinery and equipment used in your business. It helps protect against financial loss caused by unexpected events, such as accidents, theft, or mechanical failure.
This insurance typically covers a wide range of equipment, including:
- Earthmoving equipment (e.g., excavators, bulldozers)
- Agricultural machinery (e.g., tractors, harvesters)
- Construction tools (e.g., cranes, loaders)
- Manufacturing equipment (e.g., assembly lines, industrial machines)
- Other specialised tools and machinery used in your industry.
Yes, many policies include coverage for mechanical or electrical breakdowns in addition to accidents, fire, theft, and other unexpected events. Ensure you review your policy’s inclusions and exclusions to confirm coverage.
The premium is influenced by factors such as:
- The type, age, and value of your equipment
- How and where the equipment is used
- Your business’s claims history
- The level of coverage you select (e.g., comprehensive or specific risks).
Yes, most policies can be tailored to include hired or leased equipment, ensuring that you meet the requirements of hire agreements while protecting your business from potential liabilities.
In the event of a claim:
- Notify us immediately and provide details of the incident.
- Document the damage or loss with photos and any supporting evidence.
- Submit a completed claim form along with the required documentation.
Our team will guide you through the process and liaise with the insurer on your behalf.
AusGuard Insurance Advisors Pty Ltd is a corporate representative of Oracle Group (Australia) Pty Ltd AFSL: 363610
DISCLAIMER: The information contained in this website and any attachments are general advice only. We have not taken your individual circumstances into consideration and this can affect the insurance, premium, cover, and exclusions.
For a tailored insurance policy to suit your needs, please contact us.