Boiler & Machinery / Equipment Breakdown Insurance

This coverage is a form of property insurance that protects against the mechanical breakdown and failure of boilers and other heating and cooling devices, machinery, and electrical apparatuses in a building. Most machinery and equipment, including electronic devices, can also be covered.

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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.

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