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How the right cover can protect your clients when they’re dealing with equipment

As they say, technology is great when it works. But we all know, when essential equipment fails it can bring everything to a grinding halt. This type of interruption poses a significant risk for small businesses where supply chains are short, margins are tight, and one upset in the production process can be the difference between success and failure. This is why every small business should be protecting their ambition by ensuring the right cover is in place, to help them get back in gear and back to business quickly.

Why CGU for Equipment Breakdown cover?

CGU has extensive knowledge in this sector with a specialist national team of experienced engineering underwriters, some of whom are engineers themselves. Because of this, we understand the market from both a broking and industry perspective, so we take the time to understand your business’s risks and needs - and work with you to best apply them in order to build the right level of protection. .

CGU offers products and options to cover a number of industries, including:

Property: Breakdown cover for residential, commercial and industrial property including shopping centres, hotels or accommodation risks; 

General Manufacturing: Food and beverage; textiles and clothing; glass / plastic / metal products; computer / telecommunication / electronic equipment; and

Tenancies: Retail; Food and beverage; Office occupiers; Pubs, clubs and hotels.

How Fusion can get you back in business

CGU’s Fusion cover combines Machinery Breakdown, Computer, Electronic Equipment and Business Interruption insurance products, to cover equipment and the inevitable interruption that occurs when these break down.

Not all breakdown cover is the same, so to avoid any gaps, provide a thorough submission to ensure we can properly assess the risk and provide an accurate quote for Fusion: Equipment Breakdown Cover. Your submission should include:

  • Business occupation
  • General Risk Management details
  • Historical claims performance
  • Declared values of plant, buildings or contents
  • Location(s) to be insured
  • Manufacturer; Equipment Origin; Repair Network; Age of equipment
  • Business Interruption details (if required)
  • Equipment related Quality Assurance & Maintenance Procedures

 Our new and improved combined Fusion offering offers a range of benefits.

Streamlined claims management 

CGU’s experienced claims professionals are on hand to assist you with the most efficient processes for every interaction, to help get your client’s back to business as soon as possible.

 All equipment breakdown claims are managed onshore to ensure that only experienced claims professionals who understand the nuances of Engineering policy coverage are managing these accordingly. 

Need a Quote?

Speak to your insurance broker or visit the NIBA website to find a trusted advisor who can assist with your insurance needs.

Insurance issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. This is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase the insurance policy, you should consider your personal circumstances and the relevant Product Disclosure Statement available at