HSB Engineering Insurance has launched an equipment breakdown product which it says addresses the green issues faced by businesses.
In the event of a claim, the new policy aims to reduce a firm’s carbon footprint and increase energy efficiency by contributing towards the additional cost of replacement equipment that is good for the environment.
Cover can be extended across a range machinery, from standard items such as boilers, lifts and air-conditioning, to highly-specialised equipment for printing and manufacturing.
The policy is available on an itemised or blanket basis and includes cover for temporary plant hire following a loss, and emergency services call out.
HSB’s UK chief executive officer and managing director, Stephanie Watkins, believes breakdowns are a big risk for the 21st Century business, explaining: “The proliferation of new technology and sensitive high-tech equipment means that all kinds of businesses are becoming increasingly reliant on technology.”
She continues: “Blanket cover can completely protect businesses as they become more and more reliant on technology and, because excesses are slightly higher, it is also very cost effective.”
Last month, HSB bolstered its presence in the Midlands with a couple of appointments: Gail Voyle, formerly of AXA and RSA, and Phil Smith who formerly worked for Bureau Veritas.
Both took up posts as development executives.
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