Equipment breakdown insurance | Sudden and unforeseen damage
© Getty Images

HSB Machinery and Technology Insurance

Equipment Breakdown
Comprehensive cover for businesses operating machinery and equipment

Equipment breakdown
and damage
Deterioration of stock
Business interruption
All in one policy

We live and work in a world where technology is constantly evolving; creating new forms of machinery and equipment, and applications for them. Whilst technology brings many benefits, ever more reliance on electronic components and software is increasing the risk to businesses of equipment failure and breakdown.

Our response

HSB Machinery and Technology Insurance provides an equipment breakdown and damage, deterioration of stock, and business interruption policy all in one; comprehensive cover for unexpected costs associated with the repair and replacement of vital equipment.

Our policy provides cover for damage and breakdown to fixed manufacturing, processing and services equipment, building services equipment, and deterioration of stock cover for stock being stored in cold chambers. Optional cover is available for financial loss resulting from these events and to specified customers and suppliers for their own financial loss following an event.


Our policy is a commercial product aimed predominantly at:

Whilst cover for fire and accidental damage may be included within a commercial property policy, equipment breakdown or damage may not be.

Manufacturers and suppliers
Food industry
Commercial property owners:
offices/hotels/retail complexes/high-rise residential blocks
Pharmaceutical industry
Dairy farmers
Specialist engineering industries

Why buy HSB Machinery and Technology Insurance?

  • Equipment breakdown and damage insurance is not usually covered in property or warranty insurance policies.
  • Flexibility to cover equipment breakdown, deterioration of stock (now includes stock in refrigerated vehicles or temporary cold storage) and loss of income risks in one policy.
  • Damaged machinery and equipment can be replaced with more efficient alternatives which are safer and better for the environment.
  • Failure of computers or electronics controlling the machinery or equipment is covered without the need for physical signs of damage.
  • Cover is provided for machinery and equipment operated off site and hired in for short-term use.
  • Replacement of damaged machinery and equipment parts (includes non-compatible parts) with more efficient alternatives which are safer and better for the environment.
  • Loss of income cover if damage occurs at an anchor location and affects profits.
  • Public relations cover for professional public relations support when equipment breakdown poses a risk to a business’s reputation.
  • Policy developed by an insurer with international experience and expertise in equipment breakdown insurance.

Claims Examples

An apartment lift broke down, and the passengers onboard caused damage to the door operator assembly unit; which was deemed to be beyond repair.

Claim: £4,301

A landlord suffered a boiler failure in one of their properties. An engineer confirmed that the gas valve failure was the result of a mechanical fault. The boiler was replaced.

Claim: £4,001

The expansion valve in a hospitality company's freezer room became stuck, causing the temperature to increase and stock to defrost. An engineer observed that small particles of debris had come loose, causing a blockage in the small bore orifice and resulting in the mechanical failure.

Claim: £2,601

A dentist's suction machine broke down. An engineer advised that the machine had failed prematurely and was beyond economical repair. 

Claim: £4,000

Why choose HSB?

  • Leading specialist provider of engineering and technology insurance and inspection services in the UK and Ireland
  • Winner of the 2021 British Insurance Awards 'Specialist Insurance Company of the Year' award
  • 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
  • Financially strong and stable – rated A++ (Superior) by A.M. Best Company
  • A member of the Institute of Customer Service, demonstrating our commitment to continually improving customer service performance and professionalism

Contact Us

For more information, speak to your insurance broker, your usual HSB contact,  or contact your local HSB office.