Machinery Breakdown*

This insurance covers the cost to repair or replace specified machinery following a breakdown.

Did you know?

‘Breakdown’ refers to unforeseen and sudden physical damage to specified machinery which requires repair or replacement. There are a number of types of breakdown which are not covered by an insurance policy such as those related to wear, tear and gradual deterioration or a lack of service or repair.

What’s typically covered?*

The breakdown of the machinery specified on the insurance policy Schedule.

What’s typically NOT covered?

Loss or damage to specified business machinery arising from:

  1. Wear, tear or gradual deterioration;
  2. The replacement of expendable parts;
  3. Normal maintenance or a failure to undertake maintenance
  4. Fire, smoke, soot, or chemical explosion (other than an explosion of flue gas in boilers)
  5. Extinguishing a fire including subsequent demolition or repair work
  6. Lightning
  7. Impact of land borne vehicles, aircraft or watercraft
  8. Earthquake, subterranean fire or volcanic eruption
  9. Landslip or subsidence
  10. Storm; wind, water or flood
  11. Water escaping, discharged or leaking from any source which is external to the machinery insured
  12. Theft or burglary (as separate theft insurance can be purchased)
  13. Intentional or malicious damage
*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.

Things to consider

  • Is your business reliant on important and expensive machinery to operate?
  • What would your business do if key machinery broke down?