Equipment Breakdown Insurance

Protect Your Business When Essential Equipment Breaks Down

Your business depends on equipment working when you need it. A sudden mechanical or electrical breakdown can interrupt operations, damage valuable property, and create unexpected repair or replacement expenses.

At SecureWay Insurance, we help businesses explore equipment breakdown insurance options designed to provide financial protection against certain covered equipment failures and related losses.

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Coverage availability, benefits, limits, exclusions, deductibles, and pricing vary by insurer, business type, location, equipment, policy, and individual circumstances.

PROTECTION FOR THE EQUIPMENT YOUR BUSINESS DEPENDS ON

Modern businesses rely on equipment every day. From refrigeration systems and manufacturing machinery to electrical equipment and computer systems, an unexpected breakdown can bring operations to a standstill.

Equipment breakdown insurance can help businesses manage certain eligible costs resulting from covered mechanical or electrical failures.

SecureWay Insurance can help you explore coverage options based on your business operations and the equipment you rely on.

OUR EQUIPMENT BREAKDOWN INSURANCE COVERAGE OPTIONS

Mechanical Breakdown Coverage

Mechanical equipment can fail unexpectedly due to certain covered causes.

Depending on the policy, coverage may help with eligible repair or replacement costs following a covered mechanical breakdown.

This may apply to eligible equipment such as:

Manufacturing machinery
Pumps
Compressors
Motors
Mechanical systems
Production equipment
Other eligible machinery

Coverage is subject to the policy’s terms, conditions, exclusions, limits, and deductible.

Electrical Breakdown Coverage

Electrical failures can damage equipment and disrupt business operations.

Depending on the policy, coverage may help with certain eligible losses resulting from covered electrical or electronic breakdowns.

Boiler & Pressure Equipment Coverage

Boilers, pressure vessels, and similar equipment can present significant risks when they malfunction.

Depending on the policy, equipment breakdown coverage may provide protection for certain covered losses involving eligible boilers and pressure equipment.

Refrigeration Equipment Coverage

Businesses that depend on refrigeration can face significant losses when equipment suddenly fails.

Coverage may help with certain eligible expenses resulting from a covered breakdown involving refrigeration equipment.

This can be particularly relevant to:

Restaurants
Grocery stores
Food processors
Cold-storage facilities
Warehouses
Other businesses relying on refrigeration

Computer & Electronic Equipment Coverage

Businesses depend on computers, servers, electronic systems, and other technology to operate.

Depending on the policy, equipment breakdown coverage may apply to eligible electronic equipment damaged by certain covered breakdowns.

Production Equipment Coverage

Manufacturing and production businesses may rely on specialized machinery to maintain operations.

Coverage may help with certain eligible repair or replacement expenses following a covered breakdown.

WHAT CAN EQUIPMENT BREAKDOWN INSURANCE HELP COVER?

Depending on the policy, coverage may help with certain eligible expenses associated with a covered equipment breakdown.

These may include:

Repair costs
Equipment replacement
Expediting expenses
Spoiled products
Business interruption losses
Additional expenses
Property damage resulting from a covered breakdown
Other eligible expenses

Coverage varies by policy. Not every breakdown, loss, or expense is covered.

BUSINESS INTERRUPTION PROTECTION

An equipment breakdown can affect more than the equipment itself.

If a covered breakdown forces your business to temporarily reduce or stop operations, equipment breakdown coverage may provide protection for certain eligible business income losses or additional expenses, depending on the policy.

This may help your business manage:

Lost income
Necessary additional expenses
Temporary operating arrangements
Certain continuing expenses

Coverage is subject to applicable policy terms, conditions, limits, and waiting periods.

SPOILED PRODUCTS & INVENTORY

For businesses that depend on refrigeration or temperature-controlled equipment, an equipment failure could result in spoiled inventory.

Depending on the policy, coverage may be available for certain eligible losses involving:

Food
Beverages
Frozen products
Temperature-sensitive goods
Other eligible inventory

Coverage availability and limits vary by policy.

WHAT TYPES OF BUSINESSES MAY BENEFIT FROM EQUIPMENT BREAKDOWN INSURANCE?

Manufacturing Businesses

Protect your business against certain financial consequences of unexpected equipment failures affecting production.

Restaurants & Food Businesses

Help protect against certain losses involving refrigeration, cooking equipment, electrical systems, and other eligible equipment.

Retail Businesses

Coverage options may help businesses that rely on refrigeration, electrical systems, computers, and other essential equipment.

Warehouses & Distribution Centers

Explore protection for businesses that rely on refrigeration, electrical systems, material-handling equipment, and other machinery.

Healthcare Businesses

Hospitals, clinics, laboratories, and other healthcare businesses may depend on specialized equipment that requires reliable operation.

Commercial Properties

Businesses and property owners may rely on boilers, HVAC systems, electrical equipment, elevators, and other essential systems.

EQUIPMENT THAT MAY BE COVERED

Depending on the insurer and policy, eligible equipment may include:

Boilers
Pressure vessels
Refrigeration systems
Air-conditioning systems
HVAC equipment
Electrical panels
Motors
Generators
Compressors
Pumps
Production machinery
Computers
Electronic equipment
Other eligible business equipment

Eligibility depends on the specific equipment, policy, insurer, and applicable requirements.

WHAT CAN AFFECT THE COST OF EQUIPMENT BREAKDOWN INSURANCE?

Insurance pricing can vary significantly between businesses.

Factors that may influence your premium include:

Type of business
Industry
Size of the business
Type of equipment
Age of equipment
Equipment value
Maintenance practices
Equipment usage
Location
Claims history
Coverage limits
Deductible
Selected coverage options
Insurance company underwriting factors

The best way to determine your actual premium is to request a personalized quote.

HOW MUCH EQUIPMENT BREAKDOWN COVERAGE DO YOU NEED?

The appropriate amount of coverage depends on your business operations and the equipment you rely on.

Consider Your Equipment Value

Estimate the cost of repairing or replacing your most important equipment following a covered breakdown.

Consider Your Business Income

Think about how much revenue could be affected if an essential machine or system stopped working.

Consider Your Inventory

If you store perishable or temperature-sensitive products, consider the potential financial impact of equipment failure.

Consider Your Replacement Time

Some specialized equipment may take weeks or months to repair or replace.

Consider Your Additional Expenses

Think about the potential cost of temporary equipment, emergency repairs, expedited shipping, or alternative business arrangements.

EQUIPMENT BREAKDOWN VS. STANDARD PROPERTY INSURANCE

Standard commercial property insurance and equipment breakdown insurance can protect against different types of risks.

Commercial property insurance may cover certain external causes of physical damage, while equipment breakdown insurance can provide protection for certain sudden and accidental mechanical or electrical failures.

The two types of coverage can complement each other, depending on your business and insurance program.

Coverage varies by insurer and policy. Review your specific policies to understand how they work together.

WHY CHOOSE SECUREWAY INSURANCE?

Personalized Guidance

We help make equipment breakdown insurance easier to understand so you can make informed decisions about protecting your business.

Coverage Options

Explore available protection based on your equipment, operations, and individual circumstances.

Straightforward Service

We explain insurance in clear, easy-to-understand language.

Protection for Essential Equipment

Your equipment can be critical to your business. The right coverage may help you manage certain unexpected financial losses following a covered breakdown.

Support When You Need It

We’re here to help you understand your options and navigate your equipment breakdown insurance needs.

GETTING EQUIPMENT BREAKDOWN INSURANCE IS SIMPLE

1. Tell Us About Your Business

Provide information about your industry, operations, equipment, and insurance needs.

2. Identify Your Equipment Risks

Consider the equipment that is most important to your daily operations and revenue.

3. Explore Your Coverage Options

Review available coverage, limits, deductibles, exclusions, and pricing.

4. Choose Your Protection

Select coverage that fits your business needs and circumstances.

5. Keep Your Business Moving

Once your policy is issued and active, maintain your coverage according to its terms and requirements.

FREQUENTLY ASKED QUESTIONS

What is equipment breakdown insurance?

Equipment breakdown insurance is designed to provide financial protection against certain covered losses resulting from sudden and accidental mechanical or electrical breakdowns of eligible business equipment.

Is equipment breakdown insurance the same as property insurance?

No. They can address different risks. Equipment breakdown coverage is generally designed for certain mechanical and electrical failures, while commercial property insurance typically addresses certain other causes of physical damage.

Does equipment breakdown insurance cover business interruption?

Some policies may provide coverage for eligible business income losses and additional expenses resulting from a covered equipment breakdown.

Does equipment breakdown insurance cover spoiled food?

Depending on the policy, coverage may be available for certain eligible losses involving spoiled food or other temperature-sensitive inventory following a covered refrigeration breakdown.

Does equipment breakdown insurance cover old equipment?

Eligibility depends on the insurer, equipment, condition, maintenance, and policy requirements. Ask about your specific equipment when requesting a quote.

Does equipment breakdown insurance cover normal wear and tear?

Equipment breakdown policies generally have specific definitions, exclusions, and conditions regarding wear and tear, maintenance, and deterioration. Review the applicable policy carefully.

Can small businesses get equipment breakdown insurance?

Yes. Equipment breakdown coverage may be available to eligible businesses of different sizes, depending on the insurer and business circumstances.

Does equipment breakdown insurance cover computers?

Depending on the policy, certain eligible computers and electronic equipment may be covered against specified breakdowns.

How can I get an equipment breakdown insurance quote?

Click Get a Quote and provide information about your business, equipment, operations, and coverage needs. Available options and pricing will depend on your circumstances and applicable insurer guidelines.

READY TO PROTECT THE EQUIPMENT YOUR BUSINESS DEPENDS ON?

Protect Your Equipment. Keep Your Business Moving.

Your business depends on equipment working when you need it. Let SecureWay Insurance help you explore equipment breakdown insurance options designed around your business and its essential equipment.

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