Machinery Breakdown Insurance
Protect your business when essential equipment fails. Specialist machinery breakdown cover for Brisbane businesses and operators across Australia.
Using a specialist insurance broker vs going direct to an insurer
Using a specialist business insurance broker to arrange your machinery breakdown cover can ensure you aren’t out of pocket during claim time.
What Does Machinery Breakdown Insurance Cover?
Machinery breakdown insurance covers the sudden and unexpected failure of essential equipment due to internal mechanical or electrical causes. Unlike standard business insurance, which covers external events like fire, storm, and theft, machinery breakdown specifically protects against failures that originate from within the equipment itself, the kinds of failures that catch most businesses completely off guard.
Cover typically includes electrical motor burnout, power surges, mechanical failure, refrigeration and air conditioning breakdown, and sudden accidental internal damage. A broker can structure the policy to match the specific equipment your business relies on, ensuring there are no gaps between your business package and your machinery cover.
Select your business type
Premiums vary depending on the type of equipment, values insured, and risk profile of the business. For example, restaurants and cafes are expensive because of the frequent breakdown of items, and also businesses in manufacturing where they have extremely high value machinery items. Whether you take up deterioration of stock cover as well will increase the costs.
Refrigeration and cooling equipment can be insured under machinery breakdown policies, which is critical for many businesses.
If equipment failure would stop operations or cause major costs, this cover should be considered regardless of business size.
Machinery breakdown insurance should be structured to work alongside your broader business insurance program. An insurance broker can identify coverage gaps and ensure your policy reflects how your business actually operates.
Business interruption insurance covers lost income resulting from an insured event. If the machinery has broken down and both business interruption and machinery breakdown sections are insured, the policies can pay your loss of income as a result of the machinery item not functioning.
In many cases, both are required to fully protect a business following equipment failure.
Senior Insurance Broker & Director, Business Insurance Specialist and leads up the Business Broker Team.
Lauren Spice - Director
Senior Insurance Broker, Director - Specialises in Business Insurance including Machinery Breakdown Cover
Lauren Spice is the Director of Morgan Insurance Brokers and leads a specialist team of business insurance brokers serving clients across Brisbane and Australia wide. Lauren has extensive experience arranging machinery breakdown cover for businesses across hospitality, manufacturing, retail, food and beverage, and commercial property, industries where equipment failure can shut a business down overnight.
Lauren understands that machinery breakdown is one of the most misunderstood gaps in business insurance. Many business owners assume their standard business policy covers internal equipment failure. It often does not. Lauren’s team reviews existing policies, identifies those gaps, and structures cover that actually responds when a breakdown occurs.
When a claim hits, Lauren and her team manage the process from start to finish, on the phone with the insurer, pushing for a fast and fair outcome, while you focus on getting your business back up and running.
EXPERIENCE
15 + years in insurance broking
LOCATION
QLD, servicing Australia wide
What is typically not covered?
Consumables and routine servicing
Pre-existing faults
Gradual deterioration
Wear & Tear and Old Age
Call us now to speak with aMachinery BreakdownInsurance Broker
admin@morganinsurancebrokers.com.au
1300109778
