Machinery Breakdown

Have you ever noticed how when machinery and electronics such as computers and the like are functioning as intended, business seems to be running smoothly however when it isn’t working, let’s just say that it can be frustrating. We all know how much we rely on this equipment and how critical it is for servicing clients, so activities can come to a standstill when your machinery simply breaks down or blows a fuse – particularly as you may not have the money for quick repairs and replacements.

Not only this, damaged machinery means halted production lines or service. And that means no income for you. With machinery breakdown insurance though, you are provided coverage for machinery breakdowns to ensure your operations run smoothly, without any risk of disruptions.

Machinery Breakdown Coverage When You Need It The Most

At Medico Insurance Services, we offer a broad machinery breakdown coverage program to help your organization when needed the most. It really doesn’t matter which facet of the medical industry you belong to. With us by your side, you can rest assured all your machinery is always well-taken care of. With equipment breakdown insurance, some of the possible inclusions are as follows:

• The cost to replace or repair damaged machinery
• The cost of labour to replace or repair damaged machinery
• Freight expediting costs (if the part/s need to be flown in)
• The cost to replace spoiled materials or stock such as medicines in a fridge
• The losses (eg. reduction in income) suffered by the organisation caused by the breakdown
• Other costs incurred by the organisation to limit losses

At the same time, you should be aware that many machinery breakdown policies may not cover damages caused by the following (as there is often more suitable covers available):

• Fire
• War
• Pre-existing defects
• Operating outside manufacturer’s instructions
• Lack of maintenance/wear and tear
• Negligence

Get In Touch With Us!

Do you need machinery breakdown insurance or simply want more information about what is and isn’t covered? Look no further than Medico Insurance Services as your satisfaction. For more information about our machinery insurance program or to schedule an appointment with us, please feel free to call us on 1300 MED INS (1300 633 467).