Comprehensive protection which has been designed specially for you. Use it to protect new or used equipment
whether it's financed by us or not.
Your monthly payments will be guaranteed fixed throughout the term, irrespective of the number of claims you make. This helps
to give you welcome control over costs as insurance premiums
rise elsewhere.
This cover will protect your business against most of the common risks that your machines and equipment are ever likely to face.
These include accidental and malicious damage, storm, flood,
theft & breakdown caused by the sudden and unforseen breaking,
distortion, overheating or electrical burnout or the failure of an
electrical component.
It's amazing how many policies exclude the human factor.
We understand the real world of your industry, which is why
Damage and Breakdown offers you cover that protects your business against operator error.
With Damage & Breakdown Cover all it takes to register your claim is a phone call.
Your claim form is automatically completed and sent to you to check, sign and return.
Here are just a few examples of how Damage & Breakdown Cover has protected businesses from major financial setbacks.
| £23,640 |
To repair turbine failure in a laser cutting bed |
| £2,035 |
To repair a machine when a job came out of the chuck |
And remember, even if you make a claim the cost of your cover remains fixed throughout your agreement period.
Principle Exclusions
- The policy excess (as expressed in the schedule of insurance)
- Loss or damage caused by or arising from fire, lightning, explosion or aircraft
- Consequential loss
- Equipment/Machinery used for hire or reward
- Routine maintenance or losses caused by lack of maintenance as recommended by the manufacturer
- Theft or attempted theft unless accompanied by forcible and violent entry to or exit from the customer's premises
- Loss or damage which is the responsibility of the manufacturers warranty or guarantee
- Wear and tear, gradual deterioration, rust, corrosion or oxidisation or scratching of painted or polished surfaces
- Loss or damage to machinery used at any of the following excluded
locations – building sites, quarries, open cast mines, waste disposal
sites, night clubs, public houses, fast food takeaways, amusement
parks, arcades, leisure centres, gymnasiums or any location where
the general public can operate the Insured Machinery*
- Mobile agricultural or forestry equipment*
- Equipment used for recycling, reclamation, or disposal of waste material*
- Terrorism
* Unless expressly agreed by the insurer
As with all insurance schemes there are some limitations but these have been kept to a minimum. All insured customers will receive a policy of insurance. Details of the complaints procedures are shown in the policy. Damage & Breakdown Cover is arranged by Bank of Scotland plc, acting for the insurers, HSB Engineering Insurance Limited and is administered by Smart and Cook Limited, 4 Ripon Road, Harrogate, North Yorkshire HG1 2HH. The Company is incorporated in England. It will choose English law as the law which applies to the insurance (unless you ask for another law and it agrees to this before the commencement date). You can at any time ask for detailed information about its compensation arrangements if it goes into liquidation and cannot pay its debts. We are responsible for the advice we give and for arranging your policy. Because we place some of our insurance with one insurer, we can only advise you about the cover provided under our scheme with that insurer.
Bank of Scotland is authorised and regulated by the Financial Services Authority.
