Norwest NSW

Machinery Breakdown Insurance

When the machine that makes you money stops, everything stops with it. A seized motor, a burnt-out control board, a failed hydraulic pump. Repairs can be expensive, and waiting for parts can take weeks.

Machinery breakdown insurance covers sudden mechanical or electrical failure of your plant and machinery, which standard property policies usually exclude.

See an example

Who it suits

Manufacturers and workshops
Food production and packaging businesses
Printers, laundries and processing plants
Anyone who relies on a few key machines

What it can cover

Mechanical and electrical breakdown
Power surge and short circuit damage
Operator error, in some policies
Extra costs like express freight and temporary hire
Lost income, if business interruption is added

What it usually doesn't cover

Wear and tear and gradual deterioration
Poor maintenance
Items still under manufacturer warranty
Expect questions about servicing. Keep your records.

Case study

An example

A packaging company's main sealing machine fails when a control board burns out. The part has to come from overseas and the line is down for three weeks. Breakdown cover can pay for the repair, express freight and, if business interruption is attached, the lost income while waiting.

Illustrative example only. Cover depends on your policy wording.

Contact us

To quote, we'll ask about:

We're based at Suite 2.02, 2-8 Brookhollow Ave, Norwest NSW. Call 02 8660 2305 or email admin@idealbrokers.com.au.

Ideal Insurance Brokers, Norwest NSW 2153. Ideal Brokers Pty Ltd (CAR No. 001262504 | ABN 65 623 205 952) is a Corporate Authorised Representative of Metrix Connect Pty Ltd ACN 635 286 136 as the trustee for the Metrix Connect Hybrid Trust ABN 55 742 327 931 | AFSL No. 525491. This page contains general information only and does not take into account your objectives, financial situation or needs. Read the Product Disclosure Statement before buying.

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