Breakdown of essential machinery can wreak havoc on your business and its smooth operation. Count on Outrisk Insurance for comprehensive protection for your machinery at affordable prices. Never stress over unpredicted damage or mishaps again!
What is Boiler and Machinery Insurance?
What is Boiler and Machinery Insurance?
Boiler and Machinery insurance is an alternative name for Equipment and Machinery. The coverage applies to losses or damages resulting from an accident, such as an explosion or machinery breakdown.
Boiler and machinery insurance pays for the repair or replacement expenses for defective equipment. It also covers the business’s financial losses until the equipment gets fixed and business operations are back to normal.
Read moreBoiler and Machinery insurance is an alternative name for Equipment and Machinery. The coverage applies to losses or damages resulting from an accident, such as an explosion or machinery breakdown.
Boiler and machinery insurance pays for the repair or replacement expenses for defective equipment. It also covers the business’s financial losses until the equipment gets fixed and business operations are back to normal.
Commercial property insurance commonly includes external factors impacting a business, such as a fire or a storm. Hence, companies need to acquire boiler and machinery insurance to cover equipment damage or breakdowns.
Boiler and machinery policies are adjustable and support companies in cases of machinery damage, physical loss of equipment and the subsequent interruption of business operations.
Why insure your Boiler & Machinery with Outrisk Insurance?
Why insure your Boiler &
Machinery with Outrisk Insurance?
When machines critical to your business stop running, production can be cut back or even brought to a halt.
In any case, equipment breakdown can reduce your company’s profits. That’s why a strategic investment in boiler and machinery insurance is essential for contemporary businesses and factories.
Outrisk Insurance expert brokers will talk to you about the risks your business may encounter and offer you a tailored insurance package within your budget. With the appropriate coverage in place, your company will be fully protected against equipment damage or loss.
When machines critical to your business stop running, production can be cut back or even brought to a halt.
In any case, equipmenta breakdown can reduce your company’s profits. That’s why a strategic investment in boiler and machinery insurance is essential for contemporary businesses and factories.
Outrisk Insurance expert brokers will talk to you about the risks your business may encounter and offer you a tailored insurance package within your budget. With the appropriate coverage in place, your company will be fully protected against equipment damage or loss.
All in One
The most extensive coverage for your business – safeguards your assets against all risks resulting in loss and damage.
Reliable Insurance Provider
We have been serving Cyprus since 1989 and hold an undeniable track record of successful boiler and machinery insurance deals.
Round-the-Clock Customer Support
Our staff is readily available 24 hours, 7 days per week for unanticipated events and accidents.
Competitive Premiums
You receive extensive coverage at the most reasonable prices in Cyprus' insurance industry.
Quick claims settlement
We are committed to offering the most exceptional services, including prompt settlement of claims.
Expert Assistance
Navigating the insurance process can be tricky. Our qualified and reliable team of insurance agents will help you choose the right policy and fill your claims.
Who is this for?
Aimed at manufacturing, electrical, mechanical and production companies that rely on boilers and machinery.
Call Us +357 97770067
Email us info@outrisk.com
Professionals who need Boiler & Machinery Insurance
Specifically, this insurance policy is intended for owners or renters of industrial boilers and machinery, including but not limited to the following
- Generators
- Transmitters
- Engines
- Cables
- HVAC systems
- Transformers
- Boiler machines
- LPG containers
- Steam boilers
- Pipelines
- Valve assemblies
- Elevators
- Computers
- Copiers
- Telephones
- Security systems
Why do I need Boiler and Machinery Insurance?
Why do I need Boiler and Machinery Insurance?
The cost of an equipment breakdown can be very high, and breakdowns can happen very often. Therefore, there’s a substantial risk to your organization’s financial security.
Business property insurance usually does not cover equipment damage or loss.
Read moreThe cost of an equipment breakdown can be very high, and breakdowns can happen very often. Therefore, there’s a substantial risk to your organization’s financial security.
Business property insurance usually does not cover equipment damage or loss.
Nothing should be holding you back. The Boiler & Machinery Insurance policy allows you to safely proceed with your ventures, even after a mishap or system failure. This insurance plan is designed to offer flexibility and coverage against all risks.
Get an all-risk, 100% flexible insurance coverage for your equipment today with the help of Outrisk Insurance!
What does Boiler and
Machinery Insurance cover?
What does Boiler and
Machinery Insurance cover?
- Fire
- Earthquake
- Lightning
- Storm
- Flood
- Explosion
- Water, Gas, Oil, LPG (Liquefied petroleum gas) or Fuel leakage
- Damage from fallen trees
- Theft
- Damage from attempted theft
- Civil unrest
- Strikes or riots
- Damage caused by vehicles
If your vehicle has been immobilised due to mechanical, electrical, or tire damage, call us at 22 352223 and our Roadside Assistance team:
- Repair on the spot problems involving oil change, battery repair, flat tires, and all possible quick fixes
- Redirect vehicle on public road if found out of route
- Transport of vehicle to a workshop/garage of your choice
- Mechanical Breakdown
- Electrical malfunction
- Explosions
- Internal malfunction of systems
- User errors
- Loss of income during equipment repair
- Cost of repairing the equipment
- Cost of replacing lost machinery, e.g., perishables in a damaged refrigeration unit
- Strike Damages, Turmoil, Political Unrest
- Property and Third-Party Liability
- Additional expenses related to a covered claim.
- Air transport costs
- Property damage
- Public liability
Get an insurance quote
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insurance quote
We have the experience and the competitive prices.
Have a look at what we have to offer.
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Frequently asked questions
Yes. Boiler and Machinery Insurance pays for repairing or replacing the equipment and any other property ruined by the equipment breakdown.
Yes. Considering the name is more descriptive of the coverage offered, Equipment breakdown insurance is steadily taking over from traditional boiler and machinery (BM) insurance.
Current equipment breakdown policies often offer relatively broader coverage than standard Boiler & Machinery policies.
