Equipment Breakdown

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Equipment Breakdown

equipment breakdown

Hartford Steam Boiler provides Equipment Breakdown coverage to over 200 property-casualty insurance companies located across the U.S. and around the globe. By leveraging HSB’s skills and experience in Equipment Breakdown, you can offer this vital coverage easily and efficiently and without having to commit resources needed for your core business. The contractual basis for doing business with us is a reinsurance treaty but the value HSB offers is much more than just reinsurance capacity and surplus relief.

Equipment Breakdown coverage embedded

For business owner and middle market segments, we offer a concept we call ReSource – embedded Equipment Breakdown coverage underwritten on a portfolio basis. Under this concept, we work with our insurance company client to insert Equipment Breakdown in all policies for eligible accounts by tailoring your property coverage forms. Underwriting the business on a portfolio basis enables us to dramatically improve pricing so that even your smallest insureds can easily afford the coverage. Also, it is a vastly more efficient means of handling the need for this coverage so your processing costs are very low.


Rather than being a separate line that needs to be individually sold, underwritten and processed, the ReSource process is so efficient and the cost so nominal, that it can simply be added to all your policies to round out coverage. ReSource is a value added, responsibly priced product that will be readily accepted by your agents, brokers and insureds.

Offer as an endorsement

If you prefer, you can offer Equipment Breakdown as an optional endorsement. Coverage will be customized to fit your property forms and we will equip you with the means to underwrite and price many classes of business without referral. Certain classes of business, typically those that present greater equipment exposures, are referred to HSB for individual account underwriting.

Using a process we call “Client Integration” we offer our reinsured client companies a complete range of support services, including:

  • Underwriting
  • Product development- form, rate, filing support
  • Technical training to aid understanding of large/unique exposures
  • Referral / exception underwriting for unusual exposure/risks
  • Marketing communications support / agent sales training
  • Inspection services
  • Claim services


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This publication is available exclusively to Munich Re clients. Please contact your Client Manager.