Equipment Breakdown Insurance
HSB Machinery and Technology Combined
Comprehensive cover for businesses and organisations operating machinery and equipment
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Whilst technology brings many benefits, ever more reliance on tech is increasing the risk to businesses and organisations of equipment failure, breakdown, and non regulatory compliance.
What is equipment breakdown insurance?
HSB's equipment breakdown insurance product, HSB Machinery and Technology Combined, is designed to mitigate the disruption to businesses and organisations operating machinery and equipment.
Our product can provide comprehensive sudden and unforeseen damage and breakdown cover for fixed manufacturing, processing, and services equipment, building services equipment, as well as cover for deterioration of stock, increased costs of working, and loss of income.
Customers also have the option to include engineering inspection services within the policy, for which we are a UKAS-accredited Inspection Body (No. 0010).
Who could benefit from having equipment breakdown insurance?
- Manufacturers and suppliers
- Food industry
- Pharmaceuticals industry
- Specialist engineering industries
- Dairy farmers
Commercial property owners:
- Offices
- Residential blocks
- Hotels
- Retail complexes
What's included in HSB's equipment breakdown insurance product?
What is our equipment breakdown insurance underwriting appetite?
In appetite
- Abattoirs
- Airports
- Boot and shoe trades
- Building materials
- Care and nursing homes
- Cleaning contractors
- Communications industry, TV. and recording studios
- Education establishments
- Electrical, electronic, and computer engineers
- Engineers: Light (general engineering)
- Engineers: Precision (toolmakers)
- Flats and property owners
- Food manufacturers, including brewers
- Garages and associated motor trades
- General light contracting
- Heating and plumbing
- Hotels and restaurants
- Landscape and market gardeners
- Laundries and dry cleaners
- Leisure, including sports centres and sports clubs
- Miscellaneous light manufacturing
- Offices, including banks
- Paint manufacturers
- Plastics: Laminating
- Public buildings
- Shops and shopping centres
- Surgeries
- Textile trades
- Warehouse and storage trades
- Water-related industries
- Woodworkers and furniture manufacturers
Territorial limits
UK, Republic of Ireland, Isle of Man, and the Channel Islands.
Fringe appetite
- Chemical plants
- Cold stores
- Engineers: Heavy (press shops)
- Farming and dairies
- Glass and pottery manufacturers
- Laboratories: Research and development
- Paper industry, including cardboard
- Plastic: Moulding
- Ports and docks, other than dockside cranes
- Printers
- Rubber products
Territorial limits
UK, Republic of Ireland, Isle of Man, and the Channel Islands.
Outside appetite
- Civil engineering contractors and plant hirers
- Mines
- Ports and docks, including dockside cranes
- Power generation
- Quarries
- Waste removal, recycling, and allied trades
Why consider HSB Machinery and Technology Combined?
As a leading specialist provider of engineering and technology insurance and inspection services, our underwriters and risk engineers have extensive experience in providing equipment breakdown insurance and engineering inspection services, and are recognised as experts in this field. Drawing on our vast expertise, we are able to provide cover to meet insurable risks:
- Policy wordings specifically designed with customers in mind
- Extensive underwriting expertise
- Specialist engineering knowledge of plant and machinery
- Cover available across the UK and Ireland
- Access to in-house claims handlers, and loss adjusters, with specialist knowledge of the equipment breakdown risks
UK-based arm
of HSB Group
The equipment breakdown insurance and inspection market leader since 1866.
Part of
Munich Re
A world leader in risk solutions, consistent risk management, and financial stability.
Rated A++ (Superior) by
A.M. Best Company
Financially strong and stable.
UKAS
accredited
HSB Engineering Inspection Services Limited are a UKAS-accredited Inspection Body (No. 0010).
Multi-skilled
Engineer Surveyors
Our network of technically-experienced, competent engineers are located throughout the UK and Ireland.
Member of the Institute of
Customer Service
Demonstrating our commitment to continually improving customer service performance and professionalism.
HSB is committed to providing a superior customer experience through our specialist claims service
Frequently asked questions
What is equipment breakdown insurance?
HSB's equipment breakdown insurance product, HSB Machinery and Technology Combined, is designed to mitigate the disruption to businesses and organisations operating machinery and equipment. Our product can provide comprehensive sudden and unforeseen damage and breakdown cover for fixed manufacturing, processing, and services equipment, building services equipment, as well as deterioration of stock, increased costs of working, and loss of income.
Customers also have the option to include engineering inspection services within the policy, for which we are a UKAS-accredited Inspection Body (No. 0010).
What is our equipment breakdown insurance underwriting appetite?
- Manufacturers and suppliers
- Food industry
- Pharmaceuticals industry
- Specialist engineering industries
- Dairy farmers
Commercial property owners:
- Offices
- Residential blocks
- Hotels
- Retail complexes