Equipment Breakdown Insurance (formerly called "Boiler and Machinery") insurance covers many types of equipment.  Every business in the Manufacturing sector depends on equipment to keep operations going and income flowing.  Today, equipment breakdown is a more common and posses a greater risk.  High tech equipment contains sensitive and fragile technologies that can be easily damaged.  Critical equipment breakdowns bring operations, production and income to a halt. As your business systems complexity and interdependency increase a simple electrical surge can reap huge financial impacts upon your company.

Standard property insurance excludes the risks unique to equipment.  Equipment Breakdown Insurance pays for financial losses incurred when equipment breaks down suddenly and accidentally. Machinery, refrigeration and electric equipment are subject to unique 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.

It pays the cost to repair or replace equipment damaged by a covered accident. It can also cover business income losses that stem from an equipment breakdown and the additional costs you incur to expedite restoration of your business operations. Perishable goods coverage is also available to protect the value of foodstuffs or other materials that spoil as a consequence of a breakdown.

At Choice Insurance finding optimal coverage for your business is paramount.

For more information and potential coverage options or to review an existing policy

Contact David Connelly your Manufacturing Insurance Risk Specialist today.