Property Engineering Insurance
A tailored selection of property engineering insurance options, designed for property owners and managers to safeguard plant and machinery.
Safeguard your property’s vital equipment with tailored property engineering insurance—covering breakdowns, accidents, and unforeseen damage, so your operations never miss a beat.
What Types of Property Engineering Insurance Are Available?
Blanket Cover
Blanket cover in property engineering insurance provides comprehensive protection for multiple pieces of equipment or machinery under a single policy. This eliminates the need for individual policies for each item, offering a streamlined solution for property owners and managers. It covers a wide range of risks, including mechanical breakdowns, accidental damage, explosions, and unforeseen incidents, ensuring that your plant, machinery, and property are protected from unexpected disruptions.
Specified Items
Specified items cover allows you to insure individual pieces of equipment or machinery separately, providing tailored protection for high-value or critical assets. This type of cover ensures that specific items, such as passenger lifts, boilers, or other essential machinery, are insured for risks like mechanical breakdown, accidental damage, and unforeseen incidents.
Ideal for properties with unique or high-value machinery.
Engineering Policy Key Features
Whether you’re a managing agent or managing company, protection for engineering equipment such as property lifts or pressure plants, our property engineering insurance ensures that your operations run smoothly, minimising downtime and unexpected expenses. Below are the key features that make property engineering insurance indispensable for businesses and property managers alike.
Inspection Services
Regular statutory inspections to ensure compliance with safety regulations and identify potential issues before they escalate. 6 monthly inspections are included as standard.Machinery Breakdown Coverage
Financial protection for essential building systems, including lifts, boilers, electrical circuits, and HVAC units.Repair and Replacement Costs
Covers the cost of repairing or replacing damaged equipment, minimising downtime and financial loss.Loss of Rent or Alternative Accommodation
Compensation if system failures render parts of the property uninhabitable.Public Liability Protection
Coverage for third-party claims resulting from machinery failure or building system malfunctions. Limited to £10,000,000.What Plant is Covered with Property Engineering Insurance?
Property engineering insurance ensures that essential mechanical and electrical equipment within a building is properly covered against unexpected breakdowns, damage, and safety risks. This type of insurance is crucial for maintaining the functionality and compliance of key building systems. Coverage typically includes vital plant and machinery such as:
- Passenger and goods lifts
- Pressure plant (including hot water boilers and refrigerators)
- Garage doors
- Runway tracks
- Guide rails
- Hoists and fixed winches.
Ensuring these critical components are protected helps prevent costly repairs, operational disruptions, and potential safety hazards.
Engineering Inspections
Lifts, including passenger lifts, goods lifts, window cleaning hoists, and roof-mounted winches, are legally required to be inspected by a qualified professional every six months. Failure to comply with this regulation may result in prosecution and significant fines.
After each inspection, a record is maintained, and a certificate is issued. The report will outline any necessary maintenance, which is then the responsibility of the management company. This allows for repairs to be budgeted and managed throughout the year.
Property engineering insurance policies can be extended to cover damage caused by sudden and unforeseen breakdowns of passenger lifts. Additionally, most property or block of flats insurance policies typically cover lift damage caused by insured perils such as fire, accidental damage, or malicious acts.
Our property experts are here to make insuring flats easy.
What are Common Property Engineering Insurance Claims?
When the unexpected happens, an engineering policy has you covered—whether it’s breakdowns, vandalism, or impact damage, we ensure your operations stay on track.
Property engineering insurance is designed to protect against unexpected incidents that can disrupt operations and lead to costly repairs. From vandalism to electrical faults and impact damage, these real-world claims examples demonstrate how engineering policies provide vital support in covering repairs, replacements, and ensuring your machinery remains fully operational. Here’s a few common claims that often get logged with property engineering insurance policies.
Vandalism
This can include broken windows, damaged doors, graffiti, or intentional harm to equipment such as lifts or communal facilities.
Electrical Faults
When electrical systems or components fail, often due to short circuits, power surges, or faulty wiring. In machinery like lifts or HVAC systems, these faults can cause unexpected breakdowns, disrupting operations and potentially creating safety hazards.
Impact Damage
Heavy objects can accidentally strike and damage equipment, such as when moving large furniture or materials. Dents or structural harm to lift doors and other key machinery can be costly.
Our in-house claims department
Here at A-One, we benefit from an in-house claims department. This means that should you need to make a claim on your policy, you will be appointed a dedicated claims handler to manage your claim from start to finish. Our handlers will bridge the gap between you and your insurer. Working to achieve the best possible outcome on your behalf.
This means you'll have one point of contact to manage your claim from start to finish.
Additional Blocks of Flats Insurance Options
Managing a property’s engineering systems comes with unique challenges and responsibilities, from ensuring the safety and efficiency of mechanical and electrical installations to maintaining the building’s structural integrity. One critical aspect of property management is securing comprehensive property engineering insurance.
Standard property insurance may cover general risks like structural damage and liability, but it often excludes specialist coverage for engineering-related risks. Property engineering insurance provides essential protection for critical systems such as lifts, boilers, HVAC units, electrical installations, and water systems.
Additional coverage options can address specific risks, including equipment breakdown, inspection services, and loss of rental income due to system failures. By securing tailored engineering insurance, property managers can minimise financial losses, ensure compliance with safety regulations, and maintain a safe and functional environment for tenants and occupants.
Director's & Officers (D&O)
Protects directors and officers from personal liability arising from decisions made while managing a company.
Approved Property Valuations
We’re pleased to work with rebuildcostassessment.com to offer both on-site and desktop valuations.
Lifts, Plant & Machinery
Offers inspection and cover in a single policy, ensuring compliance with legal standards for lifts and machinery.
Terrorism Cover
Cover for damage caused to your property as a result of an act of terrorism.
Property Engineering Insurance FAQ’s
What is blocks of flats insurance?
Blocks of flats insurance is a specialist insurance policy designed to provide comprehensive coverage for residential apartment buildings with multiple units. It protects property owners and landlords against various risks such as structural damage, liability claims, loss of rent, and more.