Protect your organisation from budget blowouts
Machinery Breakdown Insurance can protect your organisation from budget blowouts when your machinery is damaged or breaks down.
This is a great way to control your expenses if you're responsible for a Catholic hospital, parish, aged care facility, or school or college.
What you're covered for:
Refrigerators & ice machines
Cool room motors
Centrifugal chillers
Air compressors
Air conditioners & evaporative coolers
Dishwashers & glass washers
Washing machines & dryers
Cooking exhaust canopies
Switchboards & lighting/ power generators
Microwave ovens
Features:
Repairs are paid in full including charges for overtime, airfreight, and the hire of temporary replacement machinery (up to 5% of the item insured)
We cover the costs of dismantling, re-erecting, and removing debris
When refrigerant is lost after damage, we cover the costs of replacing it (up to 5% of the item insured)
There is no deduction for depreciation
Optional cover:
You have the option of extending your cover to include Consequential Loss (also known as Business Interruption Insurance) as a result of machinery breakdown.
This is useful if you have significant dependence on a key piece of equipment and replacement may take time (e.g. if new equipment needs to be imported or specially designed).