- Businesses
- Individuals & Families
- Partnerships
- Brokers
As the global population grows and energy demands increase, clean technology companies are critical to the global economy. Being prepared for the changing risk landscape is more important than ever.
Stack up your cyber protection with Chubb.
All Chubb cyber policyholders are eligible for cyber services. Get the most value from your Chubb policy and request access today.
In a complex world, Chubb’s support for multinationals and their brokers when choosing the right cover has never been more valuable.
Protecting all that makes your house, your home.
As one of the world's largest providers of jewellery and fine art insurance, you can count on our unparalleled service and expertise, offering some of the broadest protection available.
As pioneers of using in-house appraisers to help clients establish the value of their property, and mitigate the risk of loss, our appraisal service is a key reason why owners of fine homes and high value possessions around the world choose Chubb
Build your business by providing the protection your customers need – it’s insurance for the new possible.
The seamless, secure, and scalable engine behind new possibilities for your company and customers.
Travel insurance made easy.
Boiler and Machinery Insurance
Products & Services
Power plants receive all-risks breakdown cover for traditional energy generation, and renewable and alternative sources, including biogas, solar, wind and hydroelectric.
You’re protected for computer breakdown, physical damage to devices and data reinstatement. There is extended cover for data recovery after a virus, and research and development costs.
The policy helps contractors cover the cost of replacing equipment, including drilling rigs, bulldozers and other earthmoving machines, tools and parts due to damage or theft.
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.
This covers the construction and operation of anaerobic digestion plants and photovoltaic solar facilities. The policy includes environmental liability, biodiversity damage and odour claims.
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.