Equipment Breakdown Insurance
Protect your business from the unexpected breakdown of essential specialist machinery and electronic equipment with equipment breakdown insurance.
The resource of choice for the country’s most forward-thinking insurance professionals.
The resource of choice for the country’s most forward-thinking insurance professionals.
Equipment Breakdown Insurance
Rely on a reputable insurance broker
What is Equipment Breakdown Insurance?
If your business relies on specialist machinery, you know how important that equipment is for your ability to operate and generate income. Unplanned machinery outages can cause:
- Interruption to workflows
- Damage to company reputation
- Safety concerns
- Lost profits
- Loss of stock
- Increased need for staff to compensate
Having an equipment breakdown policy tailored to your needs can save you from suffering the full impact of a breakdown.
You can receive compensation for stock spoilage, cover for a temporary replacement, loss of profits and repair or replacement of equipment.
What can be covered
- Equipment breakdown
- Loss of gross profit
- Temporary equipment hire
- Stock spoilage
- Boilers & pressure vessels
What may not be
- Accidental damage, fire & perils
- Any issues covered by manufacturer warranty
- General wear & tear
- Failure to maintain or service equipment
Get Started with Equipment Breakdown Insurance
Protect your business from the unexpected breakdown of essential specialist equipment.
Equipment Breakdown claim example
John owns a popular cafe in a busy locale close to the city. During the night, a power surge caused the coffee machine and fridge to malfunction and stop working.
As a result his food and drink stock was spoiled, and the coffee machine unable to be used to make drinks. He discovered this early in the morning an hour before opening and made contact with his insurer straight away.
His equipment breakdown insurance covered the costs of arranging temporary hire of a coffee machine while it was repaired and the loss of his stock which he was able to replace and store in an alternative refrigerator.
Why Choose CIB?
Consolidated Insurance Brokers can help by placing you with the best policy for your needs. We’ll find you the most competitive rate possible, and offer advice to ensure your insurance protects what matters.
Our Expertise
Committed to finding you the best insurance solution, our team of knowledgeable insurance brokers will get you the best price available
Your Partner
Safe time and effort by letting our team of expert insurance brokers do the work for you, we can manage your insurance on your behalf.
Clear Terms
We will put an end to the endless jargon, we can help you understand your quotes and policies in clear terms.
Full Cover
We are able to access insurance policies that are not available when buying direct, allowing us to get you a more comprehensive cover and better benefits.
What our clients have to say
109 James Street, New Farm
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Gina from Consolidated was marvelous in helping our private and business Insurance. We are very pleased with the communication, professionalism and deal she got for us. Thanks again Gina.Lea & David Brett
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Experienced and friendly people at Consolidated insurance have been looking after our companies covers throughout the years and they have been amazing to work with. Clayton and team have helped us with competitive premiums … More and quick quotes. Nice and easy highly recommend
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I highly recommend my broker Debbie Blanco.Made everything easy for me and I got the best quotes from her compared with other brokers...The cover for my commercial buildings and my rooms became more broader and cheaper than … More my previous insurances.Dr Farag
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I have used CIB for the last 3 years after a recommendation from a friend. I have dealt with Debbie in past years & Aimee this year. My experiences with both has been nothing less than professional with prompt & informative … More service on all occasions. They genuinely care about getting not only the best price but also making sure it is the best cover for your business. Thanks again!!
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Aimee bent over backwards to secure a fantastic rate on my public liability and contents insurance! With our business being quite unique, external brokers struggled to accommodate our requirements and/or brushed us off completely. … More Couldn't be happier that we found Aimee and looking forward to working alongside her!
How can we help?
We can help you find an equipment breakdown insurance policy that’s competitive on price and gives you excellent coverage.
Whether you’ve got a cafe, a distillery, or a manufacturing business, we’ll help you find a policy that suits your needs and equipment.
You’ll get a breakdown of your quotes and policy coverage so you have complete clarity around your insurance coverage and conditions.
Frequently Asked Questions
There are many benefits of using a broker over buying directly from the insurer. Insurance brokers:
- Work on your behalf to secure you better protection through their negotiating power
- Help you understand your risks and empower you to make better life / business decisions
- Ensure insurers are held accountable to their promise to protect what you value during claims
- Save you time and money by taking care of comparing and customising policies for your needs
No Obligations, Completely Free
Get a Quote Today
Talk today with our team to find the right kind of insurance that will suit your needs.
