Machinery Breakdown

Our Machinery Breakdown insurance covers internal breakdown, other than through normal wear and tear, for anything from small electric motors to refrigeration plant, to gas turbines.

Cover is usually on an annual basis for permanent fixed machinery at your client’s premises.

Machinery Breakdown insurance policy extension:

  1. Deterioration of Stock: where stock that is kept under controlled conditions is spoiled by a breakdown of a refrigeration unit.
  2. Loss of Profits following an insured breakdown.
  3. Increased Cost of Working: the insured can spend this limit on any expense that will help to keep their business running. i.e. overtime, outsourcing to a third party, increased advertising, rent of temporary additional premises.

Lumley strongly recommend that Loss of Profits cover is discussed with every client where they are exposed to losing significant revenue by the failure of machinery.