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Engineering

Do I need it?

If you’re involved in engineering, whether you’re a fabricator or in full production, you’ll be fully aware of the business risks in today’s economic situation. Many companies have found to their cost that having had a loss they’ve been under insured and have paid a heavy price, often losing their business and livelihood entirely.

Not only that, but every business should be aware of all the risks that come with any type of equipment that they have at their business premises. You need to identify those pieces of equipment which have a statutory duty of inspection and which can have specific insurance covers arranged to provide added protection for the business – so you can see that this is an area where you’ll need sound guidance and advice.

At CCI we have the expertise to provide the most effective insurance package for your needs, whatever the type and size of your business.

What is it?

As well as the provision of statutory inspections on items of equipment, this type of insurance can cover accidental damage to plant and equipment, such as: lifts, generators, boilers and air hoses, computer equipment, contract works cover, as well as cover for accidental damage to any adjacent property caused by plant explosion and so on.

A typical insurance policy may include:

  • Breakdown and explosion of plant and machinery
  • Breakdown business interruption
  • Sudden and unforeseen damage to:
    • Machinery
    • Computer equipment
  • Contract works
  • Hired-in plant
  • Movement of machinery
  • Stock deterioration

CCI has a wealth of experience in providing engineering insurance.

As specialists in this field, we understand that every business has different requirements, so we’ll create a tailored solution that matches your situation, and ensure that you only pay for the level of cover that you actually need.

If you’d like to find out more about how we can help you with Engineering Insurance please contact a member of our team for an informal, friendly discussion.

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Call us today on 020 7637 1606.

The provision of cover for own or hired equipment can fall under a number of types of insurance. However, engineering insurance / inspection policies can provide a package of covers to fit your needs, including physical damage to installed or portable equipment.

If you hire plant equipment it is more than likely that the plant owners will hold you liable for any damages or theft of the equipment. To ensure you are fully protected from any costs arising from this, CCI will advise you on the cover that best suits your needs.

If your equipment is out to hire you need make sure the customer hiring it out is covered for damage or theft. This is known as CPA Conditions and is a critical part of plant insurance.

To find out more about these conditions and how we can help you ensure that your business is protected in all aspects of Plant and Engineering Insurance, please contact a member of our team for an informal, friendly discussion.

A business that is reliant upon any type of equipment can sustain “down time” in the event that there is a breakdown / failure. Policies can be extended to include:

Engineering Breakdown:

  • The actual breaking distortion or burning out of any part of the insured property while in use arising from mechanical or electrical defects in the insured property causing sudden stoppage
  • Fracturing of any item of the insured property by frost which necessitates repair or replacement before it can resume normal working.

Computer Breakdown:

Read more information on Computer Breakdown.

To find out more about this cover and how we can help you ensure that your business is protected in all aspects of Engineering Insurance, please contact a member of our team for an informal, friendly discussion.

The financial impact incurred by a business should there be a failure to any of their key items of plant can be extreme. CCI can arrange cover to protect your business against the financial loss it may incur in the event of any breakdown or accidental damage to specific items of equipment.

The policy can provide for loss of gross profit or revenue, whichever is most appropriate during an agreed indemnity period, which can extend beyond the date that the repairs are implemented.

To find out more about this cover and how we can help you ensure that your business is protected in all aspects of Engineering Insurance, please contact a member of our team for an informal, friendly discussion.

As computer technology continues to develop, businesses are more than ever reliant upon their capabilities. The effects of loss or damage to computer systems can be severe to any business and in some circumstances may be irrecoverable.

At CCI we have the expertise to provide the most effective insurance package for your needs, whatever the type and size of your business.

A typical policy will cover your company for:

  • Loss or damage to computer and ancillary equipment
  • Loss or damage to portable equipment: Laptops, PDA’s
  • Loss or damage to data carrying materials
  • Reinstatement of data
  • Additional expenditure incurred to prevent or minimise a loss

Computer Breakdown

Should you have an approved maintenance agreement which provides on-call remedial maintenance encompassing free repair or replacement in the event of breakdown involving normal use, policies can be extended to include damage resulting from “Negligent Breakdown” such as: breakdown following your failure to maintain a temperature controlled environment for your servers.

To find out more about this cover and how we can help you ensure that your business is protected in all aspects of Computer Insurance, please contact a member of our team for an informal, friendly discussion.