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PLANT & PROCESSING EQUIPMENT INSURANCE THAT PROTECTS YOUR BUSINESS
Why Plant & Processing Equipment Insurance Matters
Your plant and processing equipment are critical to your business operations. Unexpected damage, breakdown, or theft can cause costly downtime, production losses, and significant repair or replacement expenses. Our insurance policies provide protection against a wide range of perils, helping ensure your operations remain resilient and financially secure.
Comprehensive Equipment Coverage
Our insurance covers loss or damage to your plant machinery and processing equipment caused by events such as fire, flood, theft, accidental damage, and machinery breakdown. This wide-ranging protection ensures you can recover quickly from the unexpected.
- Protects against damage from fire, flood, storms, and accidental causes
- Covers theft or malicious damage to insured equipment on-site or in transit
- Machinery breakdown cover including electrical and mechanical faults
- Replacement or repair costs for damaged plant and processing machinery
- Spare parts and components coverage
- New-for-old cover to replace with latest technology
Business Interruption Protection
- Covers loss of income following equipment damage or breakdown
- Helps with fixed costs such as salaries, rent, and utilities during downtime
- Includes cover for delayed repair and replacement periods
- Support for loss of rental income if plant is leased
- Tailored coverage to your operational needs and financial exposure
Who Needs Plant & Processing Equipment Insurance?
- Manufacturers and factory operations with high-value machinery
- Recycling and battery processing facilities reliant on specialised plant
- Construction and civil engineering firms using equipment on multiple sites
- Agricultural operations using processing and harvesting machinery
- Renewable energy plants with essential processing equipment
Benefits for Your Business
- Financial security against costly equipment breakdown or damage
- Reduced operational disruptions and faster recovery
- Peace of mind to focus on running your business
- Compliance with client or contractual insurance requirements
- Access to specialist claims handling and risk advice
Key Features of Our Plant & Processing Equipment Insurance
- Flexible policy limits tailored to your equipment value
- New for old replacement to keep your operations up-to-date
- Worldwide cover for plant away from your main premises
- Cover for tool and equipment rental expenses during breakdown
- Increased cost of working to limit business interruption losses
- Automatic cover for gradual deterioration or wear and tear included
Additional Optional Coverages
- Hire and lease plant insurance for third-party equipment
- Electronic data and control equipment protection
- Liability cover for accidental damage to third parties
- Environmental liability for pollution arising from equipment use
- Flood cover extensions for vulnerable locations
- Loss of key personnel cover related to equipment downtime
FREQUENTLY ASKED QUESTIONS
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What does plant and processing equipment insurance cover?
This insurance covers damage, loss or breakdown of plant and processing equipment caused by risks like fire, flood, theft, accidental damage, and machinery breakdown. It also often includes related business interruption cover to compensate for income lost during downtime.
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Who should consider plant & processing equipment insurance?
Any business heavily reliant on expensive machinery or processing equipment, including manufacturers, recycling plants, construction firms, agricultural producers, and energy companies, should consider this insurance to protect against operational risks.
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Does this insurance cover business interruption losses?
Yes, most policies include business interruption cover that compensates for lost revenue and ongoing expenses during the period your equipment is being repaired or replaced after a covered event.
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What is machinery breakdown and is it covered?
Machinery breakdown cover protects against mechanical or electrical failure of plant equipment not caused by external perils. This may cover sudden and unforeseen breakdowns and the associated repair or replacement costs.
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How do I get a quote for plant & processing equipment insurance?
You can call our expert team on 0330 127 2333 or complete an online application. We'll guide you through providing the necessary details such as equipment types, values, usage, and any previous claims to tailor the quote to your business needs.
How to Buy Plant & Processing Equipment Insurance
- Step 1: Contact us for advice tailored to your plant equipment needs.
- Step 2: Provide details about your equipment, usage, and current protections.
- Step 3: Review personalised coverage options, limits, and pricing.
- Step 4: Select your preferred policy and complete the application process.
- Step 5: Receive your policy documents and protective cover within days.
Tips for Choosing the Right Policy
- Accurately value your equipment for sufficient coverage limits.
- Check for included machinery breakdown options.
- Consider business interruption sums insured based on turnover.
- Ask about cover for off-site and hired-in plant.
- Review policy exclusions carefully.
- Seek expert advice to customise your policy for your business risks.