Equipment Breakdown
Equipment Breakdown insurance provides protection against sudden and accidental mechanical or electrical failure of critical equipment used in business operations.
Coverage typically applies to systems such as boilers, pressure vessels, electrical panels, HVAC systems, and production machinery, responding to repair or replacement costs as well as resulting business interruption. It can also extend to associated expenses such as temporary equipment, spoilage, and expedited repairs.
As operations become increasingly dependent on specialized and interconnected systems, equipment breakdown coverage plays a key role in maintaining continuity and reducing financial impact when critical infrastructure fails.