- Businesses
- Individuals & Families
- Partnerships
Enabling businesses across a wide range of industries to operate and grow with confidence.
Protecting all that makes your house, your home.
Build your business by providing the protection your customers need – it’s insurance for the new possible.
Boiler and Machinery Insurance
Products & Services
Provides protection for plant and operational failures, including boiler explosion and property damaged by it. Covers all types of equipment – from manufacturing machinery to lifts.
Power plants receive all-risks breakdown cover for traditional energy generation, and renewable and alternative sources, including biogas, solar, wind and hydroelectric.
This offers all-risks cover to builders, owners and operators of renewable and alternative power generating plants and businesses, including wind, solar, hydroelectric and biomass.
Boiler and Machinery Insurance protects essential machinery
Many firms rely on fully functioning machinery, yet it’s often excluded from property all-risks insurance policies – so we offer supremely reliable cover for your business-critical equipment. Our experienced underwriters and specialist engineers have ensured that Chubb boiler and machinery insurance will protect the gear driving your operations.
Risks we cover
When key items of machinery stop working, it’s a major business interruption for manufacturing companies. This cover is often excluded from property all-risks insurance policies
The failure or malfunction of the air conditioning system in an office may make it too hot (or cold) for a company to stay open
A factory boiler explosion might wreck the boiler but could also damage the manufacturing firm’s premises as well as surrounding third-party property – with huge material, financial and liability loss. This protection is also frequently excluded from property insurance plans
In large multistorey office buildings and hotels, lifts breaking down could rapidly bring the business to a halt
The breakdown or explosion of power-generating machinery will mean income loss for an energy company, but could also threaten electricity supplies to homes and businesses in the surrounding area
FAQs
Because your all-risks policy may exclude cover for machine failure, due to a part breaking, or a boiler explosion. If you’re a manufacturer or power company, these are business-critical losses with potentially huge implications. Also, breakdown of a key machine can harm your business if production is stopped or delayed. Our boiler and machinery insurance safeguards your company against these eventualities. Chubb offers the financial ability to pay large losses that some businesses couldn’t afford to fix without insurance; this is especially important in an age when business runs increasingly on a ‘just in time’ basis, and companies may not have spare parts to replace or repair damaged equipment quickly.
A lot more than you might think. You’re protected for breaking or burning out of any part of the machinery due to mechanical or electrical defects. But you’re also covered for failure or fluctuation of electricity supply; damage caused by the error or omission of operators; and any fracturing of equipment by frost that makes machinery inoperative.
It’s much better value than other types of breakdown insurance. For example, with policies on household goods like washing machines, televisions or computers, the breakdown premium may be as much as 10% to 15% of the value of the item. Commercial breakdown insurance on machinery is often available for much less than 1% of the value of the equipment.