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Protection for high-quality stationary and mobile machinesMachinery breakdown insurance

Machines are at the heart of many operational processes. If damage occurs here, it can have considerable financial consequences. MRH Trowe’s machinery breakdown insurance offers comprehensive protection against unforeseeable property damage to stationary and mobile machinery as well as technical systems and equipment.

The insurance covers, among other things, damage caused by:

  • External influences
  • Operator error or improper handling
  • Material fatigue
  • Design or manufacturing defects
  • Failure of protective or safety equipment

In the event of a claim, the insurance covers the costs of repairs or – in the event of a total loss – the replacement of the machine. Business interruption insurance can also be added as an option to cover production downtime.

Stationary machines

The following are insurable examples:

  • Production and manufacturing facilities
  • Heating, air conditioning and ventilation systems
  • Lifts and escalators
  • Conveyor systems

Mobile machinery

Among other things, the following can be covered:

  • Construction machinery
  • Mobile cranes and lorry-mounted loading cranes
  • Mobile heating or ventilation technology

By taking out machinery breakdown insurance, you not only protect your company from high repair costs, but also from production downtime and possible liability risks.

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Insured risks & hazards

Machinery breakdown insurance offers all-risk cover and protects against almost all unforeseeable damage to stationary and mobile machinery. This includes, for example:

  • Operator error, negligence, malice, clumsiness
  • Electrical influences (e.g. indirect lightning strike)
  • Design, material and manufacturing defects
  • Implosion, underpressure, overpressure
  • Bursting due to centrifugal force
  • Lack of water, lubricants or coolants
  • Failure of measuring, regulating, control or safety equipment
  • Damage caused by storm, snow pressure or frost
  • External mechanical events

Optionally insurable:

  • Damage due to flooding
  • Theft, burglary or robbery
  • Business interruption following damage
  • Tunnelling or underground work
  • Flooding or siltation on hydraulic construction sites

Note: The specific coverage can vary depending on the area of application – stationary or mobile.

Scope of cover & extensions

The machinery breakdown insurance can be individually extended as required. The following costs, among others, are insurable:

  • Repair costs: Assumption of the costs of restoring damaged machines or systems
  • Replacement costs: Financing of a new machine in the event of a total economic loss
  • Transport costs: Assumption of costs of transport to the repair workshop and back
  • Business interruption (if agreed): Compensation for production downtime and loss of profit
  • Rental and loan equipment, financing and leasing instalments: Assumption of additional costs as a result of an insured loss (if agreed)

 

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