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Home Finance Damage & Breakdown cover
Damage & Breakdown cover

Damage & Breakdown Insurance

Most businesses rely heavily upon machinery, equipment and electronic devices in order to operate effectively. In the event of a breakdown many companies may be unable to continue trading efficiently or even at all. Our cover is essential for businesses financing new machinery through asset finance.

As a tied agent we can provide a solution called Asset 5, which is underwritten by a leading financially secure insurer. It provides up to five years of cover for physical damage caused by breakdown, accidental damage and operator error and has been designed specifically for:

  • Machine tools
  • Woodworking equipment
  • Printing equipment
  • Production equipment

Helping you keep your costs under control

Flexibility is a key feature which becomes increasingly essential as businesses grow and develop, however one aspect that remains consistent is the premium, which is guaranteed not to increase for the duration of the policy regardless of claims experience.

Cover is available for a broad range of trades and sectors including:

  • Manufacturing and production
  • Printing
  • Food processing
  • Medical and diagnostic

Cover designed to meet your needs

As you would expect, we work with insurance professionals. We also understand the pressure of trading in today’s marketplace and always look at ways in which we can help reduce risks allowing businesses to operate more effectively and with confidence.

Our number one goal is to make sure your business has the right level of cover at a COMPETITIVE premium. We will always introduce our insurance underwriter to you so the he/she can understand your business and the risks you face. This is our unique proposition.

Additional benefits

  • Cover for finance repayments relating to damaged equipment
  • Costs incurred for temporary equipment hire
  • Physical damage caused to your equipment caused by damage to your electronic data
  • Costs incurred for temporary repairs
  • Costs for repair investigations

Superior claims service

In the event of a claim we will be on hand to manage the process through to the final decision with the minimum disruption to your business.

  • Flexible choice of repairers
  • New for old settlement
 

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