HSB Equipment Breakdown Insurance

As a leading specialist provider of engineering and technology insurance, our equipment breakdown policy protects the key assets of a business by providing cover for damage to machinery and equipment caused by unforeseen risks (including power surges, electrical or mechanical derangement, and electrical arcing).

Our solution provides businesses with cover for equipment that can often be overlooked and under insured compared to standard insurance products. By automatically including the cover within a commercial property policy, not only are repair costs covered, but also loss of business income, loss of rent, and increased costs of working.

Cover operates on a blanket basis, removing the need to specify individual items of equipment. The following provides an insight into the types of equipment covered:
 

• Electrical systems (e.g. control panels, switchgear, emergency generators, distribution networks)
• Heating, ventilation and air conditioning (HVAC) systems
• Computer systems, communication systems and office equipment
• Lifts, escalators and moving walkways
• Compressed air and steam generation systems
• Security and access control systems
• Fire detection and protection systems
• Building management systems (BMSs) and maintenance units (BMUs)