What Is Equipment Breakdown Insurance?

Many businesses use air conditioners, boilers, and production machinery that are susceptible to electrical or mechanical breakdown.

Equipment that is damaged by mechanical or electrical breakdown can cause severe physical damage, which can be costly to repair.

The business could be forced to shut down and lose income if equipment items suddenly breakdown and become unusable.

Equipment breakdown insurance can help businesses protect themselves against losses of this nature.

In this video we take a deep dive in to Equipment Breakdown Insurance. We talked about the background of this coverage, how ‘equipment’ and ‘breakdown’ are defined by the policy, what claims examples look like, and the different variations of EB coverage.