Equipment Breakdown Insurance/Mechanical Breakdown Insurance

Equipment Breakdown insurance, sometimes referred to as boiler and machinery insurance, covers the costly physical and financial damage that can result from an equipment breakdown.  Equipment Breakdown insurance can pay for:

• Direct Property Loss – the cost to repair or replace damaged equipment;
• Lost business income and costs for temporary replacement equipment;
• Other expenses incurred to limit the loss or speed restoration of operations;
• The loss value of spoiled products or materials caused by a covered breakdown;
• Business recovery expense.

You should pay particular attention to this specialty coverage because standard property forms typically exclude the very losses that equipment breakdown insurance is designed to cover:

• Mechanical breakdown;
• Electrical arcing;
• Artificially generated electrical currents;
• Centrifugal force;
• Boiler overheating, cracking, bulging, sagging;
• Bulging, cracking or collapse of pressure vessels, such as water heaters, compressed air tanks, steam cookers and kettles, expansion tanks and condensate return tanks.

For a free quote, give us a call at 1-800-604-9105 or visit our website.