Machinery insurance

High risk without machinery insurance
Modern businesses rely on increasingly complex and expensive machinery. Damage to machines can result in substantial costs and even threaten the survival of your company. Machinery insurance protects against losses caused by fire, short circuits, power surges, operator errors, explosions, frost, storms, lightning strikes, design or material defects, malicious damage, failure of control systems, and other risks.

Save on premiums with a deductible
Machinery insurance can be taken out as an individual policy for specific machines or as a blanket policy covering all machines in your business. Both permanently installed machines and portable equipment such as cranes, construction machinery, or forklifts can be insured. In the event of total loss, the insurer pays the current value of the destroyed machinery; for partial damage, repair costs are covered. Wear and tear is generally not covered. Most machinery insurance policies include a deductible to help keep premiums affordable.