Machinery & Equipment Insurance

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:

1. Notify us immediately and provide details of the incident.
2. Document the damage or loss with photos and any supporting evidence.
3. 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.