PROTECT YOUR BUSINESS WITH ENHANCED MACHINERY COVER

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Extended machinery warranties don’t normally provide cover for breakdown or accidental damage caused whilst in operation. That’s where we have you covered.

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Developed in conjunction with a leading insurer, the MACH 3-5-7 insurance policy is designed for operators of industrial and commercial machinery. It helps you plan for unforeseen mechanical breakdowns and production interruptions.

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MACH 3-5-7 can protect:

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Almost any new or used fixed and installed machine under 10 years old that is not used in:

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×              food processing,

×              pre-press & digital print machinery, or

×              recycling, reclamation or disposal of waste.

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Flexible cover and fixed premiums

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You can choose up to seven years’ flexible cover. And, once you’ve chosen the length of your policy, regardless of the number of losses reported, the premium is guaranteed never to rise throughout the lifetime of the policy.* MACH 3-5-7 allows you to secure protection for your machinery longer than conventional insurance policies or repair contracts.

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Your choice of repairer

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You can choose the quickest and most convenient repairer for you and your machinery, subject to policy limits. This could mean the cost of downtime is kept to a minimum and that you’re in complete control of the repairs. You can even make a repair using your own qualified in-house engineers.

Don’t wait for your warranty to expire.

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While it’s true that you’re more vulnerable to breakdown losses after your warranty expires, your insurance premium will be significantly reduced if you take out a MACH 3-5-7 policy when you purchase a machine. As the likelihood of a claim is much less in year one (see chart opposite) your premium will reflect this. Remember with MACH 3-5-7 you choose the length of the policy, effectively allowing you to benefit from year one prices for up to seven years!*

It’s also worth noting that there are certain claims supplier’s warranties don’t cover, in particular damage or operator error claims. Make sure your machinery is covered with Mach 3-5-7.

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New machinery claims during MACH 3-5-7 policy term

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Source – internal database managed by Marsh Ltd, showing the distribution of claims made in the period 01/06/2018 to 31/05/2023 for MACH 3-5-7 policies commencing in 2018 and 2019 for new machines with at least 9 months’ warranty remaining. Data accurate as at 31/05/2023.

 

Extended warranties have their limitations. MACH 3-5-7 goes beyond these.

 

*Excluding insurance premium tax increases.

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Industrial Equipment Finance Services Limited is an Appointed Representative of Marsh Ltd. Marsh Commercial is a trading name of Marsh Ltd. Marsh Ltd is authorised and regulated by the Financial Conduct Authority (FCA) for General Insurance Distribution and Credit Broking (Firm Reference No 307511) Copyright 2024 Marsh Ltd. Registered in England and Wales number 1507274. Registered Office: 1 Tower Place West, Tower Place, London, EC3R 5BU. All rights reserved.

 

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