Our CNC Maintenance Contract Insurance is designed specifically to meet the needs of businesses that provide preventative maintenance and support contracts to the CNC machine industry.

It means CNC manufacturers/distributors can include equipment failure within their support contracts safe in the knowledge that they have a Contractual Liability Insurance Policy (CLIP) to insure the potential liabilities they have to their customers. Cover is provided for the cost of replacement parts and the labour charges incurred during the replacement of failed parts.

Insurance policy design


Manufacturers/Distributors declare the machinery they need to insure to us using a purpose built online portal.

Our portal automatically generates and sends an invoice for payment. Manufacturers/Distributors can see all their insured risks through their own dedicated Power BI report.


Manufacturers / Distributors can use both their own in-house engineers or manufacturer approved engineers to replace parts that have failed and do not need prior approval from us. Claims are submitted online using our bespoke online portal.

We assess claims in line with the pre-agreed service levels. By having a CLIP in place, the need to hold large quantities of parts in stock can be avoided. The insurer will pay up to the market price for any component that needs to be replaced and this can be sourced at the time of the failure.


CNC Maintenance Contract Insurance policyholders have a contract directly with the insurer. The policy is arranged and administered by Specialty Risks.

Machinery declared to Specialty Risks by the Manufacturer / Distributor using the purpose build portal is automatically loaded into Specialty Risks proprietary platform, SPECS.


CNC Maintenance Contract Insurance policyholders are invoiced as soon as the declared machinery is accepted. The majority of machinery is accepted immediately. Premiums must be paid to Specialty Risks, who hold the premium on a risk transfer basis, within the prescribed payment terms.

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