Equipment Breakdown coverage provides protection for a broad range of equipment from financial loss. Coverages typically follow the building, contents and time element limit of the policy and may include:
- Property Damage: Cost to repair or replace damaged equipment or property.
- Business Income: Loss of income during business interruption.
- Extra Expense: Additional costs incurred to maintain normal operations.
- Service Interruptions: Loss of income due to interruptions in electricity, heat or cooling.
- Perishable Goods: Loss due to spoilage or contamination.
- Computer Coverage: Damage to computers or other EDP equipment.
- Expediting Expenses: Cost to make temporary repairs or expedite permanent repairs.
- Hazardous Substances: Additional cost to repair or replace beyond what would have been required.
- Data Restoration: Cost to research, replace and restore data.
- CFC Refrigerants: Additional cost to repair or replace because of use or presence of a refrigerant containing CFC.
Most cities and states require jurisdictional inspections for pressure vessels. The cost is included in the Equipment Breakdown coverage premium, another benefit to our insureds.
Who needs Equipment Breakdown Coverage?
Our equipment exposure chart identifies the most common businesses at risk of equipment breakdown. If your business is listed on the left hand side, read across to see the various types of equipment that might cause significant problems if it breaks down. The solid black circles mean the risk is usually found, and the circles with white in the center mean the risk is occasionally found.
View equipment exposure chart