Property and Casualty Insurance for Businesses
Key Points at a Glance
- Protection for Machinery, Equipment, and Electronics
- Protection against operator error, short circuits, and design or material defects
- Modular and combinable: Machinery, Electronics, and Assembly Insurance
- Applies to manufacturing, skilled trades, construction, and services
- Customized coverage solutions from our Palatina
Why Technical Insurance Is Important for Businesses
Technical equipment and machinery are the heart of many businesses.
A malfunction, operator error, or short circuit can quickly lead to high costs and bring the entire production process to a standstill.
Our Palatina technical insurance protects your business from the financial consequences of such damage.
It covers not only traditional production machinery, but also modern electronics, IT systems, and measurement and communication technology.
This makes it a central component of any company’s risk management system.
What does mechanical insurance cover?
Technical insurance consists of several components.
It can be customized to cover the specific risks of your business.
Overview of the main components:
- Machinery Insurance: Coverage for stationary and mobile machinery against operator error, design and material defects, short circuits, damage caused by foreign objects, or improper handling
- Electronics Insurance: Covers damage to electronic devices, computer systems, telecommunications equipment, medical devices, and measuring equipment
- Installation Insurance: Coverage during the transport, setup, and testing phases of machinery or equipment
Our Palatina combines these modules into a unified concept tailored to the technical requirements of your facility.
What types of damage are covered?
The policy covers property damage to technical equipment, including in particular:
These include, in particular:
- Operator error, negligence, or human error
- Short circuits, power surges, or electronic malfunctions
- Material or design defects
- Impact of foreign objects (e.g., tools, dirt particles)
- Fire, explosion, storm, or frost
- Damage caused during transport, installation, or operation
This ensures that your production processes remain protected—even in the event of unexpected incidents.
The Interplay Between Technical Insurance and Property Insurance
Technical insurance serves as a useful complement to traditional property insurance.
While property insurance protects buildings, furnishings, and inventory, technical insurance ensures that the equipment in use remains operational.
Together, these two policies form a comprehensive protection plan for your business.
Link to Cyber and IT Risks
In an era of increasing digitalization, many machines and pieces of equipment are connected to IT systems.
Property insurance covers property damage, but not damage caused by cyberattacks or data loss.
For these risks, we recommend supplemental coverage through our IT and cyber insurance, which specifically protects against digital risks.
Consulting and Services
Our experts will provide you with personalized advice on the technical risks facing your company and which modules can be effectively combined.
You can schedule a consultation directly using our contact form.
FAQ on Technical Insurance
What is technical insurance for businesses?
It protects machinery, equipment, and electronic devices from unexpected damage.
What components are included in technical insurance?
Machinery, Electronics, and Assembly Insurance—individually or combined.
Does the technical insurance also cover operator errors?
Yes. Damage caused by operator error or negligence is generally covered under the policy.
How does property insurance differ from casualty insurance?
Property insurance protects buildings and inventory, while equipment insurance covers operational equipment essential to business operations.
Can IT damage be covered under the policy?
Property damage, yes; cyberattacks, no—that’s where IT and cyber insurance comes into play.
Which companies need technical insurance?
All businesses that use machinery, equipment, or electronics benefit from this protection. It is particularly relevant for the industrial, skilled trades, energy supply, and medical technology sectors.
Can leased or debt-financed equipment also be insured?
Yes. Both owned and leased or rented equipment can be insured, as long as the financial risk lies with the company.
How is the sum insured determined?
It is based on the replacement value of the insured equipment or devices. Our Palatina helps with the precise valuation.
Certified Insurance Specialist (IHK)
Position: Authorized Signatory , Senior Advisor, Account Manager for Corporations and Corporate Groups
Phone 06233 51190-33
torsten.tups@palatina-service.com
Position: Authorized Signatory , Senior Advisor, Account Manager for Corporations and Corporate Groups
Phone 06233 51190-33
torsten.tups@palatina-service.com
Personalized advice. Individualized support.
If you’re looking for a reliable partner for all your technical insurance needs, Torsten Tups is here to provide expert guidance. Together, we’ll analyze your specific requirements and develop tailored solutions—transparent, easy to understand, and on equal footing.
Talk to us
At Palatina, we’re committed to providing personalized service—and that starts with your very first contact. Whether you have a specific inquiry or would simply like to learn more with no obligation, we’ll take the time to address your needs and work with you to find the best way to move forward.