Equipment Breakdown (Boiler & Machinery) Coverage
Equipment Breakdown coverage for multinationals is designed to protect critical machinery, operational continuity, and financial performance across global operations. Coverage can include sudden and accidental mechanical or electrical failure, production interruption, repair and replacement costs, and business interruption, alongside spoilage, expediting expenses, and contingent exposures where applicable.
Structured through WMB's Global Master Program, coverage aligns locally admitted policies with a centralized master framework to ensure consistency in terms, limits, and claims response. This approach supports compliance with local regulations while addressing differences in coverage through DIC and DIL provisions, helping reduce gaps and maintain alignment across the entire operation.
