Engineering Insurance and Inspections
Aside from the inconvenience and frustration they cause, equipment breakdowns can end up costing you thousands in repairs.
Our machinery options policy is designed to mitigate these issues. By combining an inspection service with coverage for the cost of repair or replacement of the inspected machinery, it lowers the risk of a breakdown and protects you fully in case one does occur.
While most blocks of flats insurance policies cover damage to passenger lifts resulting from an insured peril such as fire, accidental damage, and malicious damage, our machinery options policy provides a comprehensive solution to address a much broader range of issues.
Why are engineering inspections necessary?
Under the Lifting Operations and Lifting Equipment Regulations 1998 (LOLER), passenger lifts, goods lifts, window cleaning hoists, and winches fixed to the roof of the property are required to be inspected every six months by a competent person. Failure to comply with this legal requirement could lead to prosecution and a substantial fine.
Legal Requirements for Lift Inspections and Maintenance
It is a legal requirement for any lifts to be inspected by a competent person. Lifts include passenger lifts, goods lifts, window cleaning hoists and winches fixed to the roof of the property. The lift inspections should be carried out every six months. Failure to do so could result in prosecution, resulting in a possible large fine.
Following each inspection a record is kept and a certificate issued. The report will highlight any maintenance work required, which then becomes the responsibility of the Management Company. Repair work can then be budgeted for and dealt with throughout the year. These engineering policies can be extended to cover damage caused by the sudden and unforeseen breakdown of the passenger lift/s. Most property owners or blocks of flats insurance policies will cover damage to passenger lifts as a result of an insured peril such as fire, accidental damage and malicious damage.
Key features of our engineering policy
- Inspection to ensure that your lifts are safe to use and in good working order, to give you peace of mind
- 6 monthly inspections included as standard
- Liability under contract limit to £10,000,000
- Protection for breakdown and unforeseen damage, accidental damage, explosion and collapse
What should you expect from an inspection?
During the inspection:
A qualified engineer will conduct the inspection and provide advice on maintenance and usage of the equipment
The inspection will identify any faults or defects that may require fixing
If any defects are considered dangerous, the equipment may be taken out of service until the repairs are completed to protect your liability
After the inspection:
A certificate will be issued summarising the inspection findings
The certificate will also highlight any faults or defects that may need fixing
A record of the inspection will be kept to help identify any required maintenance work
The certificate can be used to budget for repair costs throughout the year
What do our policies cover?
COVER ONE, TWO, AND THREE: Sudden and Unforeseen Damage
Cover for sudden and unforeseen damage including accidental damage, breakdown, explosions, and collapse.
COVER FOUR Own Surrounding Property (Pressure Plant)
Covers damage to the property whether belonging to the insured or in their care, custody, or control where the damage is solely due to damage to the pressure plant insured under cover one.
COVER FIVE Own Surrounding Property (Cranes and Lifting Plant)
Where the damage is solely due to an accident error or fault in the ordinary use of cranes and lifting plants.
Most claims fall under two categories: accidental damage or mechanical breakdown.
What fixtures are covered by our machinery options policy?
Passenger lifts
Lift car guide rail
Goods lifts
Pressure plants, which include hot water boilers and refrigeration plant
Garage doors
Hoists and fixed winches
Runway tracks
Examples of what engineering insurance would cover
Vandalism
Smashed glass in the lift when property is being moved in or out of the building
Short circuiting
Impact damage such as denting the lift doors
Wear and tear of components – such as a button in the lift – which had not been picked up on following the recent 6 monthly inspection
Our services
Along with our specialist block of flats insurance, we can help you with a variety of other policies and services.
Buildings Insurance
Directors & Officers Insurance
Terrorism Cover
Get your Engineering Insurance quote today
With an engineering insurance policy, you can be rest assured that you’ll be left financially secure should any unforeseen damage or breakdowns occur. To find out how much it would be to get cover, click the ‘Get a Engineering Insurance Quote’ button now.
