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Equipment Breakdown Coverage Commercial Enhancements

We are pleased to announce that we’ve enhanced our Commercial Equipment Breakdown coverage to provide superior equipment breakdown protection against mechanical, electrical and pressure systems breakdown. Designed to broaden coverage, these enhancements provide additional coverage not otherwise available. This helps you deliver more value to your customers by keeping their businesses ahead of today’s evolving business exposures and emerging risks.

Loss Example

A power surge damaged multiple appliances and electronics at a restaurant. After replacing much of the equipment, the insured installed a surge protection device on their main service line and upgraded all surge suppression devices connected to the new equipment.

Property damage: $32,700
Risk improvement coverage: $3,270
Risk Improvement

Pays up to 10% of the paid equipment breakdown loss amount, to a maximum of $10,000, for power quality risk improvements where the covered property suffers direct physical loss or damage, regardless of whether the cause was a mechanical, electrical or pressure systems breakdown. The power quality improvement can be located anywhere at the loss location.

Temperature Fluctuation

Pays up to $5,000 for spoilage loss that was not the result of a covered equipment breakdown loss. The resolution for loss must be due to calibration, re-setting, tightening, adjusting or cleaning.

Off-Premises

Pays up to a maximum of $25,000 for a covered equipment breakdown loss to covered property while away from a covered location.

Data Restoration

The limit for data restoration has been increased to $100,000.

Explore More Coverages…

Retail Coverages

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Florists Coverages

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Office Coverages

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