Property and assets
Engineering insurance
Machinery, installations and electronics: breakdown, failure and production stoppage.
The essentials
A machine that breaks or a server that burns out can stop an entire production line. Engineering insurance covers damage suffered by installations, beyond fire or theft.
It is particularly useful when the business depends on equipment that is expensive or hard to replace quickly.
The situations concerned
- A fleet of production machinery.
- Critical IT or electronic infrastructure.
- Recently acquired or financed equipment.
- Long replacement times.
How we support you
- Identifying critical equipment.
- Choosing between machinery breakdown, electronics and additional costs cover.
- Coordination with business interruption cover and maintenance contracts.
Before deciding
Points to examine
- 01The difference between normal wear and tear and sudden damage.
- 02Data and its restoration.
- 03Existing maintenance contracts.
- 04Additional costs to keep the business running.
How it works
How we move forward together
- Step 1
Take stock
What you own, rent, transport or operate: we map the exposed assets and activities.
- Step 2
Analyse
Sums insured, deductibles, exclusions and conditions of cover are compared with your reality.
- Step 3
Recommend
You receive a reasoned recommendation: what is covered, what is not, and why.
- Step 4
Negotiate and place
We consult the market where relevant and check the documents issued.
- Step 5
Review
Acquisitions, relocation, a new activity: the programme is reviewed as you take your decisions.
Frequently asked questions
Your questions
Is wear and tear covered?
No, normal wear and tear is generally excluded. Engineering insurance is aimed at sudden and unforeseen damage.
Should equipment under manufacturer's warranty be insured?
The warranty mainly covers manufacturing defects. Other causes of damage remain possible; whether insurance is worthwhile depends on the value and role of the equipment.
Is computer data included?
Some contracts provide for data restoration. Risks linked to attacks fall rather under cyber insurance.
What is the link with business interruption?
Business interruption following a machinery breakdown must be specifically provided for. It is not automatic.
Related services
Depending on your sector
Let’s talk about your business.
A first conversation to understand your situation, with no obligation. Call us or write to us.