Places that sell printers, can also give some good cover once the warranty period expires, so it’s worth asking them also.
Depending on how you have financed your machine, it’s maybe worth asking the lender if they offer cover for this type of thing. there is a term used for it by insurers which I completely forget now, sorry. But some lenders will offer very competitive insurance cover rates, and in some cases use the same industry specialists to perform the work as and when required.
I am not sure if machines are covered, but Sign Elite Insurance targets our industry, so they may be able to help advise. https://signelite.co.uk
I am probably not the best to follow my lead, but we never take insurance out on our machines.
I really pressure our lads to keep their machine immaculate and maintained. With our old solvent machines, we could handle some light part changing ourselves. otherwise, the machine kept going. that’s not to say issues didn’t arise, I just mean we could fix them ourselves. The main problem and it can be an expensive one, is replacing damaged print-heads. but as we have moved to HP Latex, we can change those in a couple of minutes, as they are plug and play.