Machinery Breakdown and Electronics Insurance
ABOUT THE PRODUCT
Common movable property insurance provides basic protection for your machinery and electronics against natural hazards – but that’s often not enough.
What are the most frequent causes of damage to machines and electronics?
Machines may also be damaged for other reasons. Design defects, material defects, or manufacturing defects often lead to unexpected failures. Equally common are damages caused by operator error, clumsiness, or negligence of personnel.
Your equipment is also threatened by water shortages, overpressure, vacuum, short circuit, overvoltage, induction, or insulation defects. Let's not forget about failures of measuring, regulating, or safety devices.
What does machinery breakdown and electronics insurance cover?
This is a technical risk insurance specifically designed for machines and electronics.
It includes stationary machines and machinery, mobile working machines, as well as electronic equipment and devices. A condition of the insurance is that all devices must successfully pass trial, acceptance, and performance tests, and be put into operation in accordance with applicable regulations.
Insurance protection applies continuously – during operation, breaks, or relocation of devices within the place of insurance. Any costs related to restoring or reinstalling the operating system in the event of damage or destruction are also covered.
If an insured event occurs, we will cover all costs necessary to restore the machine to its original working condition. We will pay for the disassembly and reassembly of the machine, transport of the damaged equipment, its parts or spare parts, customs fees, and other related expenses.
Thanks to machinery breakdown and electronics insurance from PREMIUM Insurance Company, you will protect your equipment against all the most common technical risks and ensure financial security in the event of unexpected incidents.
INSURANCE COVERAGE
Our machinery breakdown and electronics insurance is based on the all-risks principle. This means it automatically covers all risks except those explicitly excluded in the contract. In this way, you receive maximum protection for your technical equipment.
The most commonly covered causes of damage
The risks covered by our machinery breakdown and electronics insurance include:
- Electrical damage – short circuit, overvoltage, or electric current induction
- Manufacturing deficiencies – material defects, design flaws, or manufacturing defects
- Mechanical damage caused by centrifugal force
- Technical failures – malfunctions of measuring, control, or safety devices
- Pressure damage – damage caused by steam, gas, or liquid overpressure
- Human error – improper operation, inattention, or negligence by personnel
With such broad risk coverage, you don't have to worry about unexpected expenses when your machines and electronic devices are damaged.