Engineering
Our specialist engineering team, part of Zurich Global Corporate UK’s Corporate Property team, underwrites machinery breakdown, deterioration of stock and contractors plant insurance cover. We offer this cover to corporate customers either as part of an insurance programme or individually for domestic UK customers.
Machinery breakdown and machinery business interruption
If a business relies on machinery, its commercial success will obviously be at risk if that machinery breaks down or is lost entirely. We offer a versatile range of machinery insurance designed to allow our
customers to cover their requirements with ease and confidence.
Our policies cover businesses against the cost of repair and replacement of all plant and machinery as well as protecting against loss of profits due to machinery downtime.
Power failures and problems with machinery at a customer or supplier can also hit the business hard. Recognising this, we offer cover extensions that will protect the business against these situations and others.
Deterioration of stock
If the refrigeration plant breaks down or the electricity supply fails, even stock within the best-protected cold store is vulnerable. Our policy pays for the loss of value of stored goods.
Contractors and hired machinery
We offer cover for non-construction-related plant and machinery owned, hired in or hired out. Our policy covers all risks of loss or damage, other than breakdown, and also includes responsibilities for damage and continued hire charges assumed under standard hire conditions.
Capacity
We can offer capacity up to US$75 million (probable maximum loss).
Ian Smith
Head of Engineering
+44 (0)20 7648 3276 |
|
Richard Bell
Senior Underwriter
+44 (0)20 7648 3278 |
Tracy Hallewell
Underwriter
+44 (0)20 7648 3220 |
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