Equipment Breakdown Gets an Update

Acuity is your go-to market for equipment breakdown coverage!
May 9, 2024 | Agent
By: Michael V.
Michael has nearly 30 years of insurance industry experience that spans both commercial and personal lines. As Senior Correspondent for Acuity, he is responsible for creating a wide range of communications designed to inform and educate Acuity's customers and agents. Michael holds the Chartered Property Casualty Underwriter (CPCU) designation.

Author of Infocus

Acuity is your go-to market for equipment breakdown coverage! We recently updated our commercial equipment breakdown forms to provide additional coverages your customers need to get back on their feet if they suffer a loss.

 

Our newly updated forms introduce nine additional built-in coverages, such as public relations, which pays for the costs of services to manage reputation risk in the event of a business income claim, future loss avoidance, which provides up to $10,000 for costs to purchase and install equipment to prevent additional breakdowns, and more!

 

Our new forms also increase the sub-limits for existing additional coverages, such as spoilage, data restoration, expediting expense, and hazardous substances, to $250,000!

 

Equipment breakdown is not just for boilers. If a business uses telephones, computers, alarm systems, heating and air conditioning systems, refrigeration systems, boilers, or other types of equipment that can break down, it needs equipment breakdown coverage.

 

Our enhanced equipment breakdown product also allows us to write more classes than we have previously, showing our commitment to remaining a constant partner to you and your customers despite the ups and downs of the market. We also provide a free, no-obligation quotation for equipment breakdown coverage on property quotes to make it easy for you to recommend the coverage to your customers!

By: Michael V.
Michael has nearly 30 years of insurance industry experience that spans both commercial and personal lines. As Senior Correspondent for Acuity, he is responsible for creating a wide range of communications designed to inform and educate Acuity's customers and agents. Michael holds the Chartered Property Casualty Underwriter (CPCU) designation.

Author of Infocus