Engineering Insurance is a specialised policy designed to cover the unique risks associated with engineering projects, machinery, and equipment. This insurance protects against a wide range of potential issues, including damage to machinery, breakdowns, and losses arising from construction or installation projects. Becks Insurance Brokers in Brighton offer tailored Engineering Insurance solutions, ensuring that your engineering business is fully protected, whether you’re involved in construction, manufacturing, or any other engineering field.

Comprehensive Cover for Engineering Risks

Engineering projects and machinery are exposed to numerous risks, from equipment breakdowns to construction delays and accidents. Engineering Insurance provides comprehensive protection, covering everything from the machinery you use to the projects you undertake. This insurance is essential for any business that wants to safeguard its assets and operations against the unexpected.

Features and Benefits

• Machinery Breakdown Cover: Protects your business against the financial impact of machinery breakdowns, covering the cost of repairs, replacement, and any associated downtime.

• Contract Works Insurance: Covers construction projects against risks such as fire, theft, vandalism, and natural disasters, ensuring that your work in progress is protected.

• Erection All Risks (EAR) Insurance: Provides cover for the installation and erection of machinery and plant equipment, protecting against accidental damage or loss during these critical phases.

• Deterioration of Stock: Covers losses due to the deterioration of stock or materials caused by machinery breakdown, such as refrigeration or climate control failures.

• Public and Employer’s Liability Insurance: Protects against claims from third parties or employees who are injured or suffer property damage as a result of your engineering activities.

• Business Interruption Cover: Offers financial compensation if an insured event, such as machinery breakdown or property damage, disrupts your business operations, covering lost income and ongoing expenses.

• Inspection Services: Provides regular inspections of your machinery and equipment to ensure compliance with safety regulations and reduce the risk of breakdowns or accidents.

What is Typically Covered?

Engineering Insurance typically provides coverage for a broad range of risks related to engineering projects, machinery, and equipment. Typical cover might include:

• Machinery Breakdown: Protection against the cost of repairing or replacing machinery that breaks down unexpectedly, including coverage for lost production time.

• Contract Works: Covers damage to construction projects, including materials, work in progress, and equipment on-site, ensuring that your investment is protected until completion.

• Erection All Risks (EAR): Insurance for the installation of plant and machinery, covering accidental damage during the erection and commissioning phases.

• Deterioration of Stock: Covers losses resulting from the deterioration of goods or materials due to machinery failure, such as refrigeration or cooling system breakdowns.

• Public and Employer’s Liability: Legal cover for claims made by third parties or employees for injuries or damages caused by your business activities.

• Business Interruption: Compensation for lost income and additional expenses if an insured event disrupts your business operations, helping you maintain financial stability during downtime.

• Inspection Services: Regular checks of machinery and equipment to ensure they are in good working order and comply with safety regulations.

Exclusions might include wear and tear, faulty design, or machinery not maintained according to manufacturer guidelines. The specific terms and conditions will vary depending on your business needs and the insurer. Becks Insurance Brokers will work with you to tailor your Engineering Insurance policy, ensuring comprehensive protection that suits your specific requirements.

To protect your engineering business and ensure that your operations run smoothly, book an appointment with one of our specialists here or arrange a quotation here.