Equipment Breakdown Insurance Coverage for Business | Insureon (2024)

Table of Contents

What is equipment breakdown coverage? How do you get equipment breakdown insurance? What types of equipment does this coverage protect? Is equipment breakdown coverage the same as boiler and machinery insurance? Get free quotes and compare policies with Insureon What our customers are saying Compare insurance quotes for your business

Glossary of Business Insurance Terms

What kind of work do you do?

Or call us at (800) 688-1984

Equipment breakdown coverage is a form of commercial insurance that provides funds to repair or replace damaged machinery or equipment that has suffered a mechanical or electrical failure.

What is equipment breakdown coverage?

Equipment breakdown coverage is insurance that protects your company’s computers, electrical systems, production machinery, and other equipment from sudden and accidental malfunctions. It’s designed to cover losses such as short circuits, loss of air pressure or vacuum, or power surges that commercial property insurance typically excludes.

How do you get equipment breakdown insurance?

Discuss your options for purchasing equipment breakdown insurance with a licensed Insureon agent. The coverage is readily available as an endorsem*nt to commercial property insurance, a business owner’s policy, or a commercial package policy.

Compare small business insurance quotes from top U.S. carriers

What types of equipment does this coverage protect?

Equipment breakdown coverage is designed to protect various types of equipment, including:

Computers and telephone equipment
Mechanical system components
Manufacturing equipment
Refrigeration devices
Heating and ventilation systems
Elevators and escalators
Security systems
Retail point-of-sale devices

This coverage doesn’t require that the equipment breakdown resulted from a covered event in a property insurance policy, such as a fire. Coverage can kick in after an equipment malfunction.

Is equipment breakdown coverage the same as boiler and machinery insurance?

Equipment breakdown coverage is a newer form of coverage than boiler and machinery insurance, which was introduced when steam boilers were a major source of industrial power. Today, businesses rely on electricity to run a much broader range of equipment, which equipment breakdown coverage is designed to protect.

Get free quotes and compare policies with Insureon

Insureon helps small business owners compare commercial insurance quotes with one easy online application. Start an application today to reduce your business risks.