Equipment Breakdown (Boiler coverage)

Telephones, computers, electrical systems – your company is dependent on a variety of machines to communicate with customers and to create, store and sell your products. But damaged equipment can mean lost income. For example:

• A power surge could damage your computer network
• Your boiler could explode, causing your business to shut down temporarily
• An employee might damage your only production machine

Protect the equipment that is vital to your success

Most standard property insurance policies do not provide coverage for equipment breakdown. Equipment Breakdown Coverage protects against damage caused by power surges, mechanical breakdown, motor burnout, boiler damage, and operator error. It can pay for:

• The cost to repair or replace the damaged equipment
• Costs associated with the time and labor to repair or replace the equipment
• Other expenses incurred to limit the loss or speed the restoration
• The cost to replace the spoiled stock or materials

In addition, if Business Income Coverage is included, Equipment Breakdown coverage will pay for your lost income resulting from the breakdown.