Equipment Breakdown Basics

Virtually every business, institution and public entity depends on equipment to keep operations going and income flowing. Today, equipment breakdown is a more common and greater risk. Most equipment now contains sensitive and fragile technology that is easily damaged. More equipment is mission critical so breakdowns bring operations - and income - to a halt. And increased system complexity and interdependency mean a breakdown elsewhere can impact you.

Yet standard property insurance excludes the risks unique to equipment. All businesses need equipment breakdown insurance, review the following to learn more:

HSB BI&I's equipment breakdown insurance covers much more than standard "boiler and machinery" policies. Read Coverage Components for a concise overview of equipment breakdown insurance.

Equipment is changing. So are the risks. Click on Changing Equipment Risks to review the reasons why equipment breakdown insurance is now essential to every business.

As a part of our equipment breakdown insurance, HSB BI&I provides inspection services for boilers and pressure vessels as required by provincial or local jurisdictions.