Technical insurance for businesses

When a machine, server, refrigeration unit or construction site equipment stops, the whole business can be affected. Finwise helps you cover technical risks that are not always properly protected by standard property insurance.

What is it?

Cover for critical equipment

It protects machines, installations, IT, electronic equipment, mobile equipment and items being assembled against sudden damage.

Mandatory?

No, but often strategic

It is generally not required by law, but becomes essential if your turnover depends on specific equipment.

Key point

Internal breakdown is not always covered

Standard property insurance covers major claims, but not necessarily short circuits, handling errors, overloads or material defects.

Technical insurance diagram

Machines and installations: breakdown, failure and impact on operations.

  1. Option Technical interruption If a failure stops production
  2. Core Machinery breakdown Repair or replacement
  3. Base Declared equipment Realistic list and values

Often poorly covered by basic commercial insurance alone.

Why technical insurance?

Property insurance generally covers major risks such as fire, water damage, theft or natural events. But a modern business also depends on complex equipment: production machines, IT installations, cash register systems, 3D printers, cranes, photovoltaic panels, cold rooms, medical devices or communication systems.

Technical insurance is designed for sudden and unforeseen damage affecting this equipment, whether caused externally by a fall, collision, transport or overvoltage, or internally by a handling error, overload, material defect or short circuit.

Cover
What it protects
Point to check
MachinesProduction and operations
Fixed or mobile machines, production lines, equipment, technical installations, tools and essential equipment.
Insured value, maintenance, internal causes, transport, assembly and replacement machines.
Electronics / ITSystems and data
Servers, workstations, cash register systems, telephony, medical equipment, measurement, security, software and media.
Data restoration, additional costs, cyberattack, backups and excluded software.
Assembly / testingProject
Items to be installed from delivery on site through testing and commissioning.
Transport, storage, subcontractors, existing property at risk and the exact end of cover.

Technical risk is measured through two costs

Repair + Replacement + Additional costs + Business interruption

The real cost of a technical claim is not just the repair invoice. You also need to measure downtime, replacement machine rental, customer delays and the costs required to keep operating.

Common pitfalls

Technical contracts depend heavily on definitions: internal breakdown, wear, maintenance, data, software, cyber and business interruption.

Wear and maintenanceNormal wear and insufficient maintenance are often excluded.
Cyber confused with technical riskRansomware or a data breach generally requires dedicated cyber insurance.
Forgotten business interruptionRepairing the machine does not automatically cover lost margin.
Undeclared equipmentA machine that is moved, rented, mobile or being assembled may fall outside the intended scope.

I already have this contract. How can I cancel or change insurer?

Before switching, check the equipment list, values, compensation basis, maintenance contracts, ongoing claims and related business interruption. Also make sure the new contract covers mobile machines, items being assembled and critical installations without interruption.

Technical business interruption

A stopped machine can block production, delay deliveries, require urgent equipment rental, cause loss of turnover or create additional costs. Business interruption or additional expense cover can address these consequences, but it is generally linked to insured material damage and must be calibrated to the real replacement timeline.

For which businesses?

This cover is particularly useful for workshops, businesses with critical installations, restaurants with cold rooms, medical practices, laboratories, construction companies, garages, printers, IT firms, industrial companies, tradespeople and SMEs whose turnover depends on specific equipment.

With Finwise

We insure the equipment that can truly stop your business

We inventory your critical equipment, analyse its impact on operations, and check maintenance, manufacturer warranties, deductibles, data and overlaps with property or cyber insurance. The final cover stays proportionate: neither too broad nor dangerously incomplete.

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Coordinate your technical risks

Technical insurance must work together with business property insurance, cyber insurance and professional liability.

Business insurance Cyber insurance Machines et engins de chantier Professional liability Request an analysis

Analyse my technical risks See business insurance See cyber insurance

Let’s talk about your needs

Tell us about your situation in a few lines. A Finwise adviser will contact you to clarify your options and compare suitable solutions.