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Machinery breakdown: Business interruption

Keep business moving, even when your machines aren’t

In a nutshell

All businesses rely on some form of equipment and most insurers cover this. However, some insurers forget to cover the financial loss that businesses can suffer if this machinery breaks down and your business activities are interrupted. With the king’s cover, your gross profit, gross rentals and increase in cost of working are insured… Just as long as the machinery that breaks down is also insured with us.

Under our ‘Machinery breakdown: Business interruption’ section you can choose to cover:

  • Gross profit (difference and additions basis).
  • Gross rentals.
  • Additional increase in cost of working.

You’re covered against the financial loss your business suffers, as a result of damaged machinery, as long as this machinery is:

  • Covered by the king’s ‘Machinery breakdown’ section.
  • Noted on your ‘Machinery breakdown’ policy schedule.
  • Used by you at the premises, for the purpose of the business.

Loss or damage to property due to or caused by

  • Incidents which are covered under the king’s ‘Fire’ section.
  • A supplier, contractor or repairer.
  • Faults or defects which you knew of.
  • Wear and tear, cavitation, erosion, corrosion, rust or boiler scale.
  • The misapplication of tools or from experiment, overhauls or tests requiring the imposition of abnormal conditions.
  • Shortage, destruction, deterioration of, or damage to, raw materials, semi-finished or finished products or other materials required for proper operation.
  • Restrictions on reconstruction or operation imposed by any public authority.
  • The repair or replacement of destroyed or damaged machinery, if you don’t have sufficient capital.
  • Mechanical installations.
  • The operation of any gazetted law, foreign law directed against SA, economic sanctions, conventions, trade embargoes, boycotts or strikes.

As well as loss, or damage to

  • Exchangeable tools or parts that by their use or nature suffer a high rate of wear and tear.
  • Objects made of glass, belts, ropes, wires, rubber tyres, and operating media.
  • Your business, due to suspension, lapse, or cancellation of a lease, licence or order.