Commercial Insurance
Specialist insurance for industrial and commercial equipment covering sudden and accidental breakdown, damage, and loss of profits from machinery failure.
Backed byAXA · Chubb · Allianz · Zurich · Manulife
“When our CNC machine failed mid-contract, TRS had an approved repairer on-site in 48 hours and covered the full cost plus three weeks of lost production.”
Commercial Insurance
Covers sudden and unforeseen physical damage to machinery, plant, and equipment from electrical or mechanical failure — including operator error.
All-risks cover for computers, servers, medical equipment, telecoms, and other electronic assets — including data restoration costs.
Covers explosion, collapse, and breakdown of pressure vessels, boilers, and unfired vessels — a mandatory consideration for manufacturing and industrial facilities.
Compensates for loss of gross profit or increased cost of working when machinery breakdown causes business interruption — linked to your BI policy.
Wear and tear, gradual deterioration, and breakdowns from improper maintenance are excluded. Sudden and accidental failure is covered.
Most policies cover all machinery on your declared plant list. High-value items above S$500K may require individual declaration.
EEI can extend to portable equipment including laptops, medical devices, and handheld tools — on and off premises.
Yes. TRS often packages machinery breakdown with property all-risks (PAR) and business interruption for a comprehensive commercial programme.