Equipment Breakdown Insurance helps cover:

• The cost to repair or replace damaged equipment, including time and labor.
• Lost income
• Spoiled inventory
• Necessary expenses incurred during the restoration period.

Mechanical includes motors, engines, generators, elevators, water pumps, and specialized production and manufacturing equipment.

Electrical, which includes transformers, electrical panels, and cables.

Computers and communications include phones, voice mail, security, and fire alarm systems.

Air conditioners and refrigeration systems

Boilers & pressure equipment

Equipment breakdown insurance is smart to have – even if you don't own your building, and especially if the success of your business is dependent upon properly-functioning equipment owned and operated by a key supplier, such as a local power company.

For example, if you own a pizza shop that depends on online orders and walk-in customers, your business will suffer if the power goes out due to a power surge. A power outage could result in loss of heat or air, the inability to process online orders, and the inability to prepare, cook, serve and sell food. And if the power is out long enough, your food inventory could spoil.

In this example, equipment breakdown insurance may help pay for:

• Business income you lost while the power was out.
• The cost to repair your walk-in refrigerator and replace a computer damaged by a power surge that occurred when the electricity was restored.
• Costs associated with the time and labor to repair and replace your damaged equipment.
• The cost to replace any spoiled food.

If your business could suffer from an equipment breakdown, this optional coverage may be a good choice. Our team can help you understand your policy's coverage and whether your business may benefit from additional protections such as equipment breakdown coverage.