Machinery Breakdown Insurance
The complete protection of your machinery against breakdowns
Are you looking for Machinery Breakdown Insurance for your business in Cyprus? Trust Cyprus Insurance offers a range of business insurance solutions, including coverage for machinery breakdown. Our machinery breakdown insurance policies protect your business against potential damage or loss due to technical faults or failure of equipment and machinery. This includes coverage for unexpected breakdowns, repair and replacement of parts, and loss of production. Browse our website to learn more about our business insurance options and find the perfect plan to safeguard your business against machinery breakdowns.
Why TRUST machinery breakdown insurance
All Risk
All Risks Insurance is the most comprehensive form of Insurance
Flexible
Additional coverage
Annual Contract
Who Is This Insurance For?
Aimed at owners or renters of machinery equipment such as Generators, Transmitters, etc.
Coverage
Covers loss or damage to machinery as a result of a sudden and unforeseeable event which is not excluded and results in the need to repair or replace the machinery or part of it
Optional Coverage
- Coverage of damages for Strikes, Riots, Civil Disturbances
- Adjacent Property and Third Party Liability Coverage
- Coverage of additional expenses related to a covered claim and required overtime. night work, work on a public holiday
- Coverage of air transportation costs
- Coverage of the insured items / machinery during their transport within the areas effectively controlled by the Republic of Cyprus
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FAQ
Who is this plan for?
It is a complete insurance program that covers any machines in the workplace in case of loss or damage from sudden and unpredictable cause
When and how do I pay?
The insurance premium is paid on the date of entry into full force, to the Company, either check, cash, Direct Debit, Credit /Debit card, or Standing Order. In case it is agreed that the payment of the premium will be made in instalments, the premium is paid according to the dates specified in the insurance table of the Policy.
Am I covered only in Cyprus?
Coverage is limited to the address of the specified area and is listed in the Insurance Policy, unless otherwise specified.
What is machinery breakdown insurance and how does it differ from other types of insurance?
Machinery Breakdown Insurance covers repairing or replacing equipment and machinery in case of unexpected breakdowns, faults in design, installation, commissioning, repair or maintenance. It differs from other types of insurance, such as property insurance or general liability insurance, as it explicitly covers machinery and equipment.
What types of machinery and equipment are typically covered under machinery breakdown insurance?
Machinery Breakdown Insurance can cover a wide variety of equipment and machinery, such as manufacturing equipment, industrial machinery, and electrical equipment. It may also protect specialised equipment such as boilers, generators and air conditioning units.
What types of damage are typically covered under this insurance plan?
Machinery breakdown insurance typically covers unexpected breakdowns, faults in design, installation, commissioning, repair or maintenance, and loss of production caused by the breakdown. It may also cover the cost of repairs or replacement of equipment and machinery.
How do I determine the level of coverage my business needs for its machinery and equipment?
The level of coverage your business needs for its machinery and equipment may depend on various factors, such as the type of machinery and equipment you have, the number of machinery and equipment you operate, and the respective value. It's important to work with an experienced insurance agent to determine the right level of coverage for your business.
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