Boiler & Machinery / Equipment Breakdown Insurance

Boiler & Machinery Breakdown Insurance Coverage Includes

Boiler & Machinery Coverage (also known as Equipment Breakdown coverage) has several parts:

• Damage to covered items from an accident
• Damage to the other property of the insured caused by an accident to the covered items,
• Legal expenses incurred for defense against a claim or suit alleging liability under the policy
• Loss of income due to damage to the items covered and/or damage to other insured property

Examples Of Losses Covered

• A crack develops upon the start-up of an aluminum extruding press for a metalworking operation, halting production for 30 days. The total property and business income loss totals almost $1 million dollars.
• A voltage spike from a utility supplier causes severe electrical damage to a facility’s main transformer. The cost for the transformer replacement, as well as temporary rental of a transformer, exceeds $400,000.
• A high-rise apartment complex is heated by a large steam boiler. A safety relief valve fails and creates excessive pressure, causing an explosion. The cost of the boiler replacement, and surrounding building damage, totals $500,000.

Who Needs Equipment Breakdown Insurance?

This type of policy is designed with many industries in mind, including:

• Commercial and Residential Real Estate Owners / Property Managers
• Communications and Broadcasting
• Electronics
• Food Processing
• Hospitals and Nursing Homes
• Hotels and Motels
• Light Metalworkers
• Manufacturing
• Museums and Cultural Institutions
• Publishing
• Schools and Universities

Brunswick Advantage

Brunswick Companies offers Boiler and Machinery/Equipment Breakdown insurance policies from a wide range of top ranked carriers. With over 35 years of commercial experience, we have the know-how and industry contacts to match your needs with the plan that best suits your risk management and financial goals.