Max cover for machinery – are you aware?

Your equipment and machinery are essential to your operations and the success of your print business. However, in the event of a loss, the cost of replacing or repairing your equipment can be substantial. This is why it’s crucial to have the right insurance coverage in place to protect against such risks.

At Howden, we offer dedicated print insurance policies that provide comprehensive coverage for your contents and machinery, with no limit to the sums insured. This means you can have peace of mind knowing that you’re fully covered in the event of a loss, without having to worry about single article limits.

Some insurers impose a maximum single article limit on their policies, which can be problematic for print businesses. With the cost of printing equipment varying so widely – from small machines to large, expensive printing presses – it’s important to ensure that you have adequate coverage for all of your equipment.

For example, some single pieces of machinery in the print industry can cost £250,000 or more, making it essential to have sufficient insurance coverage in place. Additionally, the high lead times when ordering new machinery means that any downtime resulting from a loss can be extremely costly for your business.

At Howden, we understand the unique risks faced by businesses in the print industry and offer specialist print insurance policies to provide tailored coverage. Our policies are designed to protect your business against a range of risks, including damage to your machinery, loss of stock, and business interruption.

We know you have queries, so we hope these FAQs provide the answers:

What is a single article limit? A single article limit is a maximum amount that an insurer will pay out for a single piece of equipment or item. Some insurers impose single article limits on their policies, which can be problematic for print businesses with expensive machinery.

Why is it important to have no single article limit for print insurance? Print businesses often have expensive machinery, with individual pieces costing hundreds of thousands of pounds. Having no single article limit ensures that all your equipment is fully covered in the event of a loss.

How do I know if my print insurance policy has a single article limit? You can check your policy documents or speak to your insurance broker to determine if your policy has a single article limit. Several insurers have a limit of £250,000 in the policy wording.

What other types of coverage are included in print insurance policies? Print insurance policies typically include coverage for property damage, business interruption, liability claims, and loss of stock.

How can Howden help my print business with print insurance? At Howden, we offer specialist print insurance policies that provide tailored coverage for your business. Our policies have no single article limit, ensuring that your equipment and machinery are fully covered in the event of a loss. We can work with you to assess your unique risks and provide the right coverage options for your business.

For more information, call 0330 008 8760 to speak to a dedicated member of our Print team or alternatively, request a quote or call back by clicking here.