Machine breakdown insurance covers an insured party’s equipment, with a precise item-by-item description.
Generally speaking, the insured events must be linked to unforeseeable and sudden damage based on two types of coverage:
- Breakage due to internal causes (defect, fault, failure, etc.)
- Breakage due to external causes (vandalism, falls, storms, etc.)
When an event occurs and is insured, the damaged machine can unfortunately cause considerable damage to an organization. This consequential damage can lead to an operational stoppage (key machine), resulting in significant loss of sales.
To do this, we offer our customers a solution on the market. This can be implemented by covering a daily loss of sales. This means that, in the event of a claim, the insured does not need to prove the amount of losses incurred as a result of business interruption. In the insurance contract, an amount is already predefined and will be used for compensation.
Argos Group is at your side to meet your needs with personalized advice based on its experience of risk and claims management in the corporate sector.
