Machinery breakdown insurance:

Business interruption

With King Price business insurance, you'll always be open for business

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.

  • Gross profit (on a difference basis or addition basis).
  • Gross rentals (limited to a loss of gross rentals and an increase in costs of working).
  • Additional increase in cost of working.
  • Direct or indirect loss of, or damage to, exchangeable tools, parts that by their nature suffer a high rate of wear and tear, glass objects, belts, ropes, wires, rubber tyres and operating media.
  • Loss or damage covered under the king's fire section.
  • Loss or damage for which a supplier, contractor or repairer is responsible (by law or under contract).
  • Loss or damage caused directly or indirectly by faults or defects of which you were aware (at the time of commencement of this section).
  • Loss or damage as a direct consequence of the continual influence of operation.
  • Damage resulting from misapplication, experimentation, overhauls or tests of equipment 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 (with conditions as stated on your policy schedule).
  • Restrictions on reconstruction or operation imposed by public authority.
  • Repairing or replacing destroyed or damaged machinery, if you don't have sufficient capital.
  • Loss of, or damage to, machinery, mechanical installations and their additional installations or items that aren't stated on your policy schedule (with conditions as stated on your policy schedule).
  • Loss of business due to causes such as suspension, lapse or cancellation of a lease, licence or order (occurring after the property is again in operating condition).
  • The prolongation of a period of interruption or interference by any gazetted law of South Africa, exchange control regulation, law of a foreign country, international law, economic sanctions, conventions, trade embargoes, boycotts, strikes or actions directed against South Africa (with conditions as stated on your policy schedule).
  • Interruption or interference due to additions, alterations or improvements.