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Equipment Breakdown Insurance

Keep your assets and income protected when equipment fails.

Equipment breakdown insurance to protect your livelihood.

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Equipment breakdown insurance covers the sudden and accidental, physical damage to equipment that requires its repair or replacement. We’ll design coverage solutions to protect your business against a financial disaster.

Equipment breakdown does what commercial property insurance cannot.

Commercial property insurance protects your business against equipment and machinery being damaged by fire, flood, and other external risks. But, it doesn’t cover risks such as mechanical failure, breakdown, wiring problems, or short circuits.

Coverage for the equipment you rely on every day.

Such breakdowns can bring your business to a grinding halt as you deal with both the cost and time spent repairing or replacing. Equipment breakdown insurance always covers the repair and replacement costs, and you’ll often have the option to pay a higher premium to protect against loss of business during the downtime.

Protects everything from machinery to equipment and hardware.

An equipment breakdown insurance policy can cover all sorts of equipment used in your business–such as elevators or heating–rather than just the machinery your business uses while manufacturing. Policies usually cover computer equipment, but will only pay out for physical hardware damage rather than software failure or malware.

Fills in the gaps of manufacturer warranties.

It’s worth noting that, while manufacturer warranties may pay for repair costs or provide replacements in some circumstances, they usually aren’t as extensive as with equipment breakdown insurance. For example, the warranty might not cover accidental damage from human error, such as overloading electrical circuits. But, systems breakdown insurance (or mechanical equipment breakdown insurance) will cover this type of incident.

Think equipment breakdown insurance is right for your business? Our agents can help you find a policy that works for your business.

The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.

Systems Breakdown Insurance - Machinery Cutting Metal for a Project

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  Equipment Breakdown Insurance Quote Request

As an independent agency, we are here to help you find the right coverage.

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