Equipment Breakdown Coverage

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ELIGIBLE CLASSES OF BUSINESS

  • Agriculture
  • Communication (Radio and TV)
  • Construction
  • Education, Universities, Colleges
  • Emergency Response Services
  • Entertainment and Recreation
  • Flood Control
  • Food and Drug Processing
  • Gasoline Service Station
  • General Services
  • Group Institutional Housing
  • Highway
  • Hotels of all Sizes
  • Light Fabrication and Assembly
  • Multi-Family Dwelling HOA and Condo Associations
  • Parking
  • Permanent Dwelling (Multi-Family housing)
  • Personal and Repair Services
  • Professional, Technical and Business Services
  • Railroad
  • Religion and Nonprofit
  • Rental General Commercial
  • Restaurants
  • Retail and Wholesale Trade
  • Telephone & Telegraph
  • Temporary Lodging

PRODUCT FEATURES

  • Premiums start at $100 (not includingtaxes and fees)
  • Deductible options as low as $1,000 up to $250,000 to suit Insured’s appetite
  • Coverage available for Single Locations or Portfolios up to $50MM

EXAMPLE RISKS

Apartments

  • Risks: HVAC systems, boilers,
    electrical distribution,
    underground cables.
  • Example Loss: An electric surge
    damaged the fire alarm panel and
    multiple outlets – $44,950.

Hotels & Motels

  • Risks: Boilers, generators,
    electrical systems, HVAC,
    computer systems.
  • Example Loss: Generator damage
    required motor rewinding and
    shop repairs – $19,000.

Municipalities

  • Risks: Transformers, well pumps,
    air conditioning, emergency
    generators.
  • Example Loss: A utility
    transformer failure required full
    replacement and rental
    equipment – $214,175.

GET STARTED

Equipment Breakdown