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Machinery breakdown insurance: Deterioration of stock

Let the king of price make sure that deteriorating stock doesn't impair your business

In a nutshell

Unexpected power cuts? Electricity shortages? We all know that the grid can be unreliable… With King Price you won't have any shortage of cover for what happens when the lights go out. You can trust us to be reliable… We'll protect your business in the event of goods deterioration due to certain unplanned incidents.

  • The deterioration of goods, as stated on your policy schedule, inside the refrigeration chamber/chambers at your premises, from any event not specifically excluded.
  • Deterioration of goods due to unforeseen and sudden physical damage to the insured property.
  • Deterioration of goods due to contamination by refrigerant, as a result of physical damage to the refrigeration installation.
  • The deterioration of goods due to sudden and unforeseen interruption of the public power supply, at the terminal ends of the supply authority's service feeders at the premises.

Loss or damage of property due to or caused by

  • Sudden and unforeseen interruption of the public power supply due to load shedding, a deliberate act by you or a public supply authority, drought or shortage of fuel at any power station.
  • Loss (arising within the no-claim period as stated on your policy schedule) of goods stored in refrigeration chambers due to deviation from prescribed refrigeration temperature (with exceptions as stated on your policy schedule).
  • Shrinkage, inherent defects or diseases, natural deterioration or natural putrefaction of goods stored.
  • Improper storage, damage to packing material, insufficient air circulation, or non-uniformity of temperature.
  • Temporary repair of refrigeration machinery without your consent.
  • Penalties for delay, consequential loss, damage or any liability.
  • Wilful acts or negligence (of you or your representatives).
  • Contamination and pollution of wine stock.

Why choose King Price

Best for your business and best for brokers

Proactive claims service

We have a team of claims specialists at your disposal, every step of the way. Our teams for underwriting, new business and claims are dedicated to delivering royal service to give you peace of mind cover. We keep you up to date and in the loop during the entire process.

Competitive premiums

Price is king, bottom line. And in business we understand that this is extra important. We also understand that your company is unique. You deserve the best possible premium with absolutely no compromise on the cover given... Same insurance cover, just cheaper.


Your business isn’t just a number. That's why our royal family aims to build a personal relationship with you. We do this by staying focused and showing real passion and enthusiasm in our business with you, your clients and the industry. This allows us to build a culture of promise, royal service and affordable cover.

Strong relationships

Your business is our business, and that's why we offer more than just insurance. We take your side and our partnerships very seriously. We believe in building an open, clear and honest relationship that enables the development of successful collaboration with our kingly clients.


As 1 of the fastest growing independent insurers, King Price has all the right connections to keep you connected to success. We're supported by the big guys, in the form of incredible investors and a staunch reinsurer. And, we always aim to deliver the best service to everyone… The big guys, the little guys, and you.

Rapid response

Time is money, and making money is your business. That's why King Price offers royal service in the blink of an eye. We service your needs with the right team, expertise and understanding… Without compromising on quality or value. As part of our family, you'll have royal service at your beck-and-call.

Get the cover your business deserves. Leave your name and number at the top of the page and 1 of our kingsmen will call you back as soon as you're available. You can also talk to your broker about getting cover that suits your business best.