Coverage for the tools you use every day.
Such malfunctions can bring your business to a halt as you cope with the cost and time required repairing or replacing. Systems breakdown insurance may cover repair and replacement costs, and you’ll often have the option to pay a higher premium to safeguard against company loss while the equipment is being repaired or replaced.
Machinery, equipment, and hardware are all protected.
A policy may cover all types of equipment utilised in your firm, such as elevators or heaters, rather than just the machinery used in manufacturing. Policies typically cover computer equipment, but only for actual hardware damage, not software failure or infection. Here are some examples of systems that might be covered by this type of policy:
- Air Conditioning Systems
- Electronic Devices
- Heating Systems
- Networks
- Refrigeration Systems
- Telephone Systems
Fills the shortfalls in the manufacturer's warranties.
While manufacturer warranties may cover repair costs or give replacements in some cases, they are typically not as comprehensive as systems breakdown insurance. The warranty, for example, may not cover accidental damage caused by human mistake, such as overloading electrical circuits. However, this type of policy, also known as mechanical breakdown insurance, may cover such an occurrence.
Are you looking for systems breakdown insurance for your company? Please contact us to discuss your company's requirements.
