Engineering Insurance

Why should you consider engineering insurance?

A commercial insurance policy will pay for damage to machinery from an event like fire, flood or theft.

But it can pay for damage from other things. To protect your business from losing money, you need Engineering Insurance.

This will pay for events like a machine breaking down or an electrical burnout of plant and machinery.

Additionally, an Engineering Business Interruption policy will cover any financial loss that happens because of the damage.

It is worth noting that lease agreements often state  that damage to machinery while in the lessors care is their responsibility and must be paid for.

The length of time that this policy pays should be the same length of time that it takes to fix the damage and for your business to go back to making money like it did before.

Who should have engineering insurance?

We highly recommend considering this type of coverage for any business operating in an environment where machinery is heavily relied upon, as it can provide financial and legal protection when needed most.

With the right policy in place, companies can be sure that their assets and operations are safeguarded against any unforeseen disasters.

Contact the team at Woodlands Insurance today for a no obligation quote.

engineering insurance

Get A Quote Today

Call Us Today