Grey Areas in Insurance Cover for Cyberattacks
Traditional machinery breakdown insurance (MBI) does not cover (underwrite) damage caused by cyberattacks on plant and machinery, a key source of recent claim disputes. It is therefore timely for both…
Deferring maintenance increases the likelihood of insurance claims being voided
Neglecting Maintenance Voids Insurance Claims
Ignoring maintenance obligations, keeping incomplete records, and failing to disclose operational changes increase the risk of insurance cover being voided. And so, industrial clients must take practical steps to safeguard…
George Parrott, Commercial Partner at King Price Insurance
Insurance is Not a Maintenance Budget
Treating Machinery Breakdown (MB) Insurance like a budget for ongoing maintenance obligations leads to claims disputes, and frustrations for clients in the heavy machinery industry. What is often ignored is…
