UK and Ireland
Equipment breakdown coverage for businesses operating machinery and equipment.
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Equipment Breakdown Insurance

HSB Machinery and Technology Combined

Our comprehensive transactional product for businesses and organisations operating machinery and equipment

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    We live and work in a world where technology is constantly evolving; creating new forms of machinery - which incorporate advanced microelectronic components, circuitry, and computerised control systems - and requirements for businesses and organisations to conform to applicable workplace equipment health and safety legislation.

    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.

    Our response

    HSB Machinery and Technology Combined

    Our product responds to the changing equipment risks, exposures, and applicable health and safety legislation by providing comprehensive equipment breakdown insurance to businesses and organisations operating machinery and equipment.

    Customers also have the option to include engineering inspection services within the policy.

    Our comprehensive product is predominantly aimed at:

    Manufacturers and suppliers
    Food industry
    Commercial property owners:
    Offices, residential blocks, hotels, retail complexes
    Pharmaceuticals industry
    Specialist engineering industries
    Dairy farmers

    Broker/agent trading options

    E-trade
    Non e-trade
    Delegated authority/reinsurance solutions
    Equipment breakdown and damage

    Provides sudden and unforeseen damage and breakdown cover for fixed manufacturing, processing and services equipment, and building services equipment:

    • Cover for the failure, breaking, distortion or burning-out of any part of the machinery or equipment during its normal operation
    • Includes the failure of any electronic or computer equipment that controls the machinery or equipment, even if there is no physical damage
    • Operator error included as standard
    • Cover for undamaged non-compatible parts included as standard
    • Cover for damage whilst temporarily removed, including during transit, for the purpose of repair, service or modification
    • Reinstatement of machinery or equipment as new
    Deterioration of stock
    • Cover for the deterioration of the stock resulting from a change in the temperature of a chamber, or caused by the action of refrigerant fumes that have escaped from the cold chamber.
    • Extra cover is available for the cleaning and disinfecting of chambers; removing, disposing and replacement of deteriorated stock.
    Loss of income
    • Cover for financial loss as a result of equipment breakdown and damage or deterioration of stock, including increased costs of working.
    • Cover also available for contractual obligations to pay direct customers and suppliers if they suffer financial loss due to an insured event.
    Our network of competent, multi-skilled Engineer Surveyors provide impartial engineering inspection services to assist with statutory inspections across a vast range of plant and equipment for the following classes:
    Equipment category Legislation: UK (2) Legislation: Ireland
    Boiler/pressure systems Pressure System Safety Regulations 2000 (PSSR) S.I. No. 445 of 2012: Safety, Health and Welfare at Work (General Application) (Amendment) Regulations 2012
    Lifting Lifting Operations and Lifting Equipment Regulations 1998 (LOLER) S.I. No. 299 of 2007: Safety, Health and Welfare at Work (General Application) Regulations 2007
    Electrical/mechanical Provision and Use of Work Equipment Regulations 1998 (PUWER) S.I. No. 299 of 2007 (Regulation 30): Safety, Health and Welfare at Work (General Application) Regulations 2007
    Local exhaust ventilation The Control of Substances Hazardous to Health Regulations 2002 (COSHH) Health & Safety Authority: Local Exhaust Ventilation (LEV) Guidance document
    Power presses and associated machinery Provision and Use of Work Equipment Regulations 1998 (PUWER) S.I. No. 299 of 2007: Safety, Health and Welfare at Work (General Application) Regulations 2007
    Fixed wiring (electrical) Electricity at Work Regulations 1989 (EAWR) S.I. No. 299 of 2007 (Part 3): Safety, Health and Welfare at Work (General Application) Regulations 2007
    (2) For Northern Ireland, similar statytory equipment legislation is applicable.
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    We can also provide our partners with innovative, all-encompassing embedded solutions.

    If you’re looking to provide specialist cover as part of your commercial proposition, contact our Partnerships Team.

    • Leading specialist provider of engineering and technology insurance and inspection services in the UK and Ireland
    • HSB Engineering Inspection Services Limited are a UKAS-accredited Inspection Body (No. 0010)
    • 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
    HSB is committed to providing a superior customer experience through our specialist claims service
    HSB Claims Team

    HSB Machinery and Technology Combined in action

    High-precision manufacturing firm

    Incident: Operator error caused spindle damage within a CNC machine.

    £38,000
    Claim cost

    Church

    Incident: A heating boiler broke down due to failure of circuits within the controls.

    £7,674
    Claim cost

    Manufacturer

    After inheriting an overdue equipment schedule, we took full ownership. Starting with the statutory items, which were mainly passenger lifts, we mobilised a HSB Engineer Surveyor task force to focus on bringing everything 100% up-to-date; removing the compliance stress from the customer.

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