Equipment Breakdown Insurance

Equipment breakdown insurance is a form of property insurance. Its purpose is to protect against financial loss – property damage, business interruption and loss of perishable products – resulting from an “accident” to pressurized, mechanical or electrical equipment.

Insurable equipment includes steam or hot water boilers, pressure vessels, refrigeration and air conditioning systems, electrical inlets, transformers and motors, computers and other electronic equipment, compressors, pumps, gears and turbines, as well as a wide range of equipment used in the manufacture and processing of materials.