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Engineering Insurance


Do I need it?
You should consider engineering insurance if the performance of your business could be adversely affected by the malfunction or breakdown of any operating machinery and equipment located on your business premises.

By law, certain categories of equipment such as boilers, lifts/ elevators and lifting equipment must be inspected regularly by qualified persons. It may also be prudent to inspect and insure other machinery which may pose a potential risk.

What is it?
Engineering insurance covers electrical and mechanical breakdown for plant and machinery used and located on your premises.

We can supply a wide range of services and products to cover:

  • Inspection services

  • Breakdown

  • Sudden and unforeseen damage

  • Explosion/collapse

  • Consequential loss

  • Computers

  • Contractors plant

  • Contractors all risks

  • Deterioration of stock

  • Machinery movement

    • Summary of Options

    Inspection Services

  • Boiler and pressure plant

  • Handling and lifting equipment

  • Electrical installations

  • Local exhaust ventilation

  • Power presses


    • Sudden and Unforeseen Damage
  • Breakdown

  • Explosion and collapse

  • Extraneous damage

  • Lifted goods

  • Damage to own and surrounding property

  • Reinstatement/local authority clauses

    • Consequential Loss
    Following breakdown/sudden/unforeseen damage to plant and machinery:

  • Profit/revenue protection

  • Failure of utilities cover

    • Computers

  • Breakdown

  • Increase cost of working

  • Reinstatement of data

  • Additional rental costs

  • Virus cover

  • All risks including theft

    • Contractors Plant

  • Accidental damage

  • Fire and theft

  • Physical loss or damage to hired plant

  • Hire charges as a result of loss or damage

    • Contractors All Risks

  • Machinery only

  • Building works

  • Own plant

  • Hire plantV
  • Employees’ tools

  • Machinery breakdown in testing/commissioning

    • Deterioration of Stock

  • Goods loss/damage in store/freezer as a result of breakdown or break in power supply

    • Machinery Movement

  • Transit

  • Positioning

  • Resiting

  • Dismantling

  • Loading

  • Erection

  • New plant testing/commissioning

    • The above is a selection of the types of cover we can supply, and we would be delighted to discuss your particular requirements in greater detail.

    What should I do now?
    Because of our wealth of experience in providing engineering insurance to our clients over many years, we are able to offer individually tailored products and services for a range of situations.

    For an informal discussion please call us on 01325 353 888 and we will be happy to discuss this further. Alternatively please email us at webenq@bibinsurance.co.uk.