Engineering

Risk management in engineering production

When the wheels of industry must keep turning

Modern engineering relies on precision technologies and CNC machines worth tens of millions. A breakdown of a key machining center can halt entire production and jeopardize delivery deadlines. Our insurance minimizes the impact of technical failures and protects your company from customer claims.

Risks in engineering production

Machinery Breakdown

Sudden mechanical or electrical damage to key production lines, halting production.

Business Interruption

Extensive financial losses caused by production stoppage due to machine breakdown or fire.

Product Liability

Damages caused by a defective part supplied into the final product (e.g., in automotive or aerospace).

Logistics Risks

Damage to expensive machinery and technologies during transport to the customer or during installation.

Protection of Engineering Technologies

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Machinery Breakdown and Business Interruption

Standard property insurance does not cover internal machine failures. Therefore, we arrange machinery breakdown insurance, which covers repairs for mechanical or electrical failure, operator error, or the ingress of foreign objects. Subsequent business interruption insurance then compensates for lost profit during the period the machine is out of operation.

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Product Liability for Engineering Products

If you supply components for final products (e.g., engines, gearboxes), you need robust product liability insurance. This covers not only the direct damage caused by a defective part, but also the costs of dismantling the faulty part and installing a new one, which often exceeds the value of the component itself.