Equipment Breakdown

Appetite Guide

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Equipment Breakdown Insurance

Our Equipment Breakdown Insurance provides coverage for the repair or replacement costs for broken-down equipment at the insured's location. With broad policy coverage and higher liability limits, we can also cover business interruption and spoilage losses. Setting up and managing Vero Equipment Breakdown Insurance is hassle-free, supported by our dedicated team of underwriters and risk engineers. Under our Vero Specialty Lines offering, this product is backed by the reassurance of Vero’s large-scale operations and award-winning claims service.

Equipment Breakdown insurance can offer:

  • Expertise, capability, and underwriting service: Our skilled underwriting, claims and risk engineering teams provide nimble service and tailored solutions.
  • Enhanced coverage: Our policy prioritises new-for-old coverage under specific circumstances, ensuring your clients get back to business as soon as possible with new equipment following a breakdown. Plus, we’ve enhanced our equipment upgrade provision towards upgrading equipment following an insured event.
  • Comprehensive protection: Our policies cover a wide range of exposures that are often excluded by warranties, maintenance agreements, or standard property policies, providing broader protection for your clients’ equipment and business.
  • Exceptional claims service: Our experienced Equipment Breakdown claims team supports you through the claims process. With enhanced policy coverage and award-winning claims management, our approach is designed to deliver fast and efficient settlements, utilising one-touch claims processes wherever possible.
  • Comprehensive risk management: Our dedicated Risk Engineering team delivers insights and recommendations to assist with continuous improvement of your client’s equipment. Brokers receive access to a suite of risk management resources including insightful loss prevention articles.
  • Broker training: We provide extensive training for brokers, enhanced by detailed educational materials and resources.
  • Long-term partnership: Vero’s proven long-term stability in capacity, appetite, and rates, combined with our underwriters working directly with you to develop the opportunities within your existing client base, enables you to engage with us confidently, ensuring there will be no surprises along the way.
  • Online quote tool: Access to Vero’s user-friendly online quote tool enables you to bind coverage and download necessary documentation in real time, streamlining your insurance processes for maximum convenience.

Appetite Guide

PDF Policy Wording

Award Winning Claims  Award Winning Claims

Vero provides award-winning claims service as evidenced by the Gold Mansfield Award for Claims Excellence which Vero has been awarded for five consecutive years (from 2020-2024), ensuring your clients are in safe hands in the moments that matter.

Learn more about our awards

Why Choose Equipment Breakdown Insurance

Dedicated Underwriting Team

With Vero Specialty Lines, brokers gain direct access to a dedicated team of underwriters to ensure fast, consistent and personalised support.

Dedicated Underwriting Team

Risk Management Solutions

We understand complex businesses require specialised solutions, which is why we provide holistic risk management to ensure brokers have the tools they need to meet their client’s needs.

Risk Management Solutions

Award Winning Claims Service

Vero’s claims service has won the Gold Mansfield Award for Claims Excellence for five consecutive years (from 2020-2024), making it easier than ever for brokers to get their client’s business back on track.

Award Winning Claims Service

Benefits of Equipment Breakdown Insurance

Check out these benefits in Vero Equipment Breakdown Insurance.

Why Equipment Breakdown Insurance is essential

Now more than ever, businesses of all sizes increasingly rely on business equipment to generate revenue. With advancements in technology and the increasing complexity of equipment, their exposure grows ever larger. Watch this short presentation that outlines the potential risks for businesses lacking sufficient cover for Equipment Breakdown.

Watch the video on the potential risks

Equipment Breakdown cover helping Signature Orthopaedic stay in business

Many businesses depend on their daily-use equipment, whether production machinery or electrical switchboards. This brief video examines the way Vero Equipment Breakdown Insurance, as recommended by the broker, helped the business to recover from a nine-month operational shutdown due to a power surge.

How Vero Equipment Breakdown Insurance helped a business recover

Equipment Breakdown Insurance resources

Find below some useful resources and insights around Vero Equipment Breakdown Insurance.

Equipment Breakdown quote demonstration

Watch the Equipment Breakdown Quote Tool demonstration below to help you navigate the end to end quoting process.

Watch the Equipment Breakdown video demonstration

Get real life insights and claims scenarios with Vero’s Loss Bulletins

Today's businesses rely heavily on the continuous operation of their machinery and equipment. We are continuously developing new sets of Loss Bulletins to assist businesses in recognising these risks.

View Loss Bulletins

Broker training

Vero Specialty Lines offers comprehensive training to help brokers find better solutions for their clients, including webinars, face-to-face training by underwriters, loss bulletins and other educational materials.

Visit the Broker Hub

Looking for something else?

Check out these other Vero Speciality Lines products.

RM Advancer Higher Hazard Property

Some property risks require more detailed information and risk assessments to obtain the right coverage. Our Higher Hazard Property Insurance can provide tailored solutions for well-managed, high-severity businesses in industries like timber, woodworking, plastics, and chemicals.

VSL Higher Hazard Liability

Our Vero Specialty Lines Higher Hazard Liability Insurance offers specialised solutions which can be tailored to well-managed, higher severity occupations including trades, forestry and chemical manufacturing.

Useful documents and FAQs

Appetite Guide

Policy Wording

Policy Document Library

Frequently Asked Questions

Dedicated Underwriting Team

With Vero Specialty Lines, brokers gain direct access to a dedicated team of underwriters to ensure fast, consistent and personalised support.

Risk Management Solutions

We understand complex businesses require specialised solutions, which is why we provide holistic risk management to ensure brokers have the tools they need to meet their client’s needs.

Award Winning Claims Service

Vero’s claims service has won the Gold Mansfield Award for Claims Excellence for five consecutive years (from 2020-2024), making it easier than ever for brokers to get their client’s business back on track.