Simple, Secure Cover For Your Investment.
Protect your business against unforeseen, costly breakdowns with Mechanical and Electrical Breakdown Protection from Finance For Industry Services Limited. Underwritten by a major multinational insurer, it provides full security and peace of mind.
Mechanical & Electrical Breakdown
Following expiry of the manufacturers or suppliers initial warranty period, cover is provided for the full repair cost (including parts and labour) resulting from a mechanical, electrical or electronic breakdown.
Accidental & Malicious Damage
From the time the equipment is commissioned at your premises, insurance is provided against accidental damage to the equipment. This includes damage caused as a result of operator error.
Repair or Replacement & Expediting Costs
Cover is provided against either the restoration of the equipment to normal working condition or, in the event of total loss, the cost of replacement as new.
Expediting costs of £1,000 or 50% of the claim, whichever is the lower.
Transfer of Cover
Subject to prior agreement of the insurer the insurance cover may be transferred to the new owners of the equipment.
Unlike the majority of insurances, the cost of your cover may be fixed, and is available for a period of up to five years, if you make monthly premium payments cover will operate on a rolling monthly basis.
Increased Working Costs
The insurance will make a contribution to provable additional working costs you incur to maintain production should it take more than five normal working days to return you equipment to full working order.
All claims are subject to a nominal excess.