Machinery Equipment Breakdown Insurance

Machinery Breakdown Insurance offers vital protection against the costs and financial consequences of unforeseen equipment failure, helping your business recover quickly from the unexpected.

Machinery and equipment are at the heart of many Australian industries, from manufacturing and construction to hospitality and agriculture. These essential assets are the backbone of day-to-day operations, and any unexpected failure can cause significant disruption to your business. With complex machinery and high-value equipment being critical to your success, having the right insurance is key to ensuring business continuity, no matter what.

What Does Equipment Breakdown Insurance Cover?

At Tudor Insurance, we understand the unique needs of businesses with heavy machinery or complex equipment. Our experienced brokers work with you to identify your business's specific risks and tailor a solution that fits your needs.

Key areas of coverage include:

Equipment Breakdown Costs:

Machinery is crucial to your operations, and breakdowns can lead to costly repairs or replacement. This cover protects you against the financial strain of machinery failure, ensuring you can repair or replace essential equipment without negatively impacting your cash flow.
Business Interruption:
If a breakdown causes a halt in your production or services, the financial consequences can extend beyond just repair costs. Business interruption coverage provides the financial support necessary to cover lost income and ongoing expenses while your equipment is down.
Green upgrade enhancement (+50% of repair/ replacement):
In the event of damages to insured equipment, rather than opting for a like-for-like replacement, you can be provided an additional 50% of the repair or replacement cost to help your business transition into using more sustainable and green technology.
Electrical and Mechanical Breakdown:
This protection covers issues that arise from both electrical failures and mechanical faults, which are among the most common causes of equipment breakdown and failure.

Accidental Damage:
If your machinery is damaged due to an accident or unforeseen event, this coverage ensures you are protected against repair or replacement costs.
Spoilage of Stock:
If there are equipment failures across refrigeration, climate control, or other systems that protect perishable goods, coverage is available for financial losses. This coverage is especially valuable for hospitality businesses such as restaurants and cafés, as well as supermarkets, pharmaceutical companies, and other industries that rely on perishable goods.
Data restoration:
When there are damages to IT systems, servers, or data storage devices due to equipment or machinery breakdown, this insurance helps cover the cost of recovering or restoring critical data - helping to minimise downtime and disruption.
Additional expenses:
Any additional costs to keep operations running after an equipment breakdown - such as renting temporary equipment or outsourcing production - can be covered under machinery equipment breakdown insurance.

Which Businesses Should Get Machinery Breakdown Insurance?

This insurance is essential for businesses that rely on machinery and equipment to carry out their operations. Whether you run a factory, manage a construction project, operate a large warehouse, or even run a small retail business with specialised equipment, this cover is designed to mitigate the risks associated with machinery failure.

Any business whose daily operations rely on key equipment—from food and beverage businesses like bakeries, wineries, and butcher shops to manufacturing businesses in chemical, or metal and steel - should ensure they are covered against the financial impact of a breakdown.

Why Use Tudor Insurance as Your Insurance Broker?

As an Australian-run business, Tudor Insurance has supported enterprises across various industries, providing tailored solutions and local expertise for more than three decades. Our brokers take the time to understand your operations and offer personalised advice to ensure you receive the coverage that best suits your needs.

We’ve helped numerous clients in a wide range of sectors by providing machinery and equipment breakdown insurance that not only covers the immediate risks, but also supports long-term business resilience.

Our team is committed to making the claims process as smooth as possible, advocating on your behalf to ensure the best possible outcome in the event of a breakdown. Contact Tudor today to discuss your insurance needs.

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Did you know that what is actually covered can vary considerably between insurers? Often with exclusions or high excess payments that you may not be aware of. You need a broker who can assess your individual situation, offer the right insurance and explain precisely what is and isn’t covered.

It's easy to pay too much for insurance, but it's just as easy to pay too little then find out too late that you're not covered. There's a lot of flashy online insurance calculators out there but they focus only on price. Talk to Tudor and you talk to a real person who knows the what level of cover should be recommended and who will personally help you with a claim.

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