Equipment Breakdown Coverage Basics

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Coverage basics

Today, it's well understood that Equipment Breakdown should be an essential part of a business insurance program. And equipment breakdown is now a more common and greater risk – with most equipment containing sensitive and fragile technology that can be easily damaged. Because of increased system complexity and interdependency, a breakdown elsewhere can impact you.

What is equipment breakdown coverage?

Equipment Breakdown Insurance pays for financial loss incurred when equipment breaks down suddenly and accidentally. It works a lot like property coverage, but covers the unique risks of equipment and technology. Equipment is subject to hazards such as power surges, short circuits, centrifugal force, boiler overheating or cracking, and mechanical breakdown. Equipment breakdown insurance covers equipment accidents from these risks of loss.

The Simple Seven

Equipment breakdown (formerly called "boiler and machinery") insurance covers many types of equipment. Click on The Simple Seven for a quick overview of the primary types of equipment and risks covered by equipment breakdown insurance.

Changing Equipment Risks

Equipment is changing. So are the risks. Click on Changing Equipment Risks to review the reasons why equipment breakdown insurance is now essential to every business.

Coverage Components

HSB's equipment breakdown insurance covers much more than standard "boiler and machinery" policies. Read Coverage Components for a concise overview of equipment breakdown insurance.


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