Equipment Breakdown Insurance provides coverage for the repair or replacement costs for broken-down equipment at the insured’s location.
With broad policy coverage and higher liability limits, the policy also comes with a dedicated risk engineering team and a responsive, knowledgeable specialist claims team.
Features and Benefits
- Equipment breakdown coverage, based on a single broad definition of ‘equipment’ which incorporates today’s technologies.
- Service interruption, due to failure of utility, landlord or other 3rd party equipment used to supply a variety of services including gas, water, electricity, internet, etc.
- Green upgrade enhancement (+50% of repair/replacement).
- Coverage extensions available include Business Interruption, Spoilage of Stock, Data Restoration and Additional Expenses.