Equipment breakdown coverage protects more than just boilers and machinery. It also provides coverage for losses resulting from the breakdown of business equipment, including losses to the equipment itself.
It covers equipment like:
Equipment breakdown coverage is especially important for manufacturing customers.
Consider these scenarios:
Scenario 1
A bolt comes loose from a high-speed press and damages the cylinder and gears.
Cost to repair: $146,693.
Scenario 2
An electrical system is damaged by arcing, causing 80% of a large office building to lose power.
Cost to repair: $234,447.
Scenario 3
A refrigeration motor shorts out, and perishable stock is lost.
Cost of loss: $43,722.
The above losses would not be covered in the basic property form but would be covered by equipment breakdown coverage.
This valuable coverage is automatically quoted on all eligible accounts to make it easy for you to talk with your insureds about it.
Download our co-brandable Equipment Breakdown brochure, and contact your commercial underwriter or territory director with any questions!
An insurance company that cares about you and insuring the things you wish to be insured.
Get a Quote> Find an Agent>