Mothballing plant and equipment
The practice of mothballing assets for storage, and retaining them in a condition which will enable future use, is performed regularly. This includes the requirement for the asset to restart to normal functionality with minimal disruption and cost. Other considerations include protection from damage, fire, and corrosion; which are likely to have a detrimental effect on the equipment.
Whilst most companies understand the importance of routine maintenance for their industrial equipment during normal service, many risk potentially damaging their assets by failing to take the appropriate steps when mothballing equipment.
HSB’s specialist underwriting in the UK and Ireland covers a broad range of risks including construction, cyber, computer, equipment breakdown and energy efficiency.
Built on a foundation of specialist insurance, engineering and technology, HSB is a global provider with over 150 years of technical risk knowledge and experience that sets the standard for excellence worldwide. Part of Munich Re, HSB is rated A++ (Superior) by A.M. Best Company.
Further information can be found at: www.hsbeil.com
*The guidance in this document refers to industry best practice loss control advice. Adoption of the advice contained within this document does not imply compliance with industry, statutory or HSB guidelines, nor does it guarantee that losses will not occur.
For more information, please contact us.