Because your all-risks policy may exclude cover for machine failure, due to a part breaking, or a boiler explosion. If you’re a manufacturer or power company, these are business-critical losses with potentially huge implications. Also, breakdown of a key machine can harm your business if production is stopped or delayed. Our boiler and machinery insurance safeguards your company against these eventualities. Chubb offers the financial ability to pay large losses that some businesses couldn’t afford to fix without insurance; this is especially important in an age when business runs increasingly on a ‘just in time’ basis, and companies may not have spare parts to replace or repair damaged equipment quickly.