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Equipment Breakdown Insurance

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Equipment Breakdown Insurance Provided By Our Agency

Equipment Breakdown Insurance protects your business against equipment and machinery being damaged by fire, flood, and other external risks. However, it excludes dangers like wiring issues, short circuits, and mechanical failures. As you deal with the expense and time required for repairs or replacement, such malfunctions can stop your operation.

What is Equipment Breakdown Insurance?

An Equipment breakdown insurance policy can cover all sorts of equipment used in your business–such as elevators or heating–rather than just the machinery your business uses while manufacturing. Computer equipment is typically covered by insurance, but only for physical hardware damage rather than malware or software failure.

It's important to remember that manufacturer warranties typically aren't as comprehensive as systems breakdown insurance, even when they occasionally cover repair costs or offer replacements.

For instance, the guarantee may not cover accidental damage caused by human mistakes, such as overloading electrical circuits. However, this kind of catastrophe will be covered by equipment breakdown insurance.

What does Equipment Breakdown Insurance cover?

Equipment Breakdown Insurance helps cover:

  • Spoiled inventory.
  • The cost to repair or replace damaged equipment, including time and labor.
  • Necessary expenses incurred during the restoration period.
  • Lost income.

Categories of equipment covered under Equipment Breakdown Insurance

Electrical, which includes electrical panels,transformers, and cables.

Computers and communications include phones, voice mail, security, and fire alarm systems.

Mechanical includes motors, engines, generators, elevators, water pumps, and specialized production and manufacturing equipment.

Air conditioners and refrigeration systems

Boilers & pressure equipment

Examples of Equipment Breakdown Insurance coverages

Even if you don't own your building, it's a good idea to obtain equipment breakdown insurance, especially if your firm's survival depends on properly operating equipment owned and run by a crucial provider, like a local power company.


For instance, if your pizza store relies on walk-in customers and online orders, it will suffer if a power surge knocks out the power. In a power outage, processing online orders, losing heat or air, preparing, cooking, serving, and selling meals may be impossible. Additionally, your food supply may spoil if the power is down for an extended period.


In this example, equipment breakdown insurance may help pay for the following:

  • The price of labor and materials needed to fix and replace your damaged equipment.
  • The cost to replace any spoiled food.
  • The cost to repair your walk-in refrigerator and replace a computer damaged by a power surge that occurred when the electricity was restored.
  • The business income you lost while the power was out.

If your business could suffer from an equipment breakdown, this optional coverage may be a good choice. Our team can help you understand your policy's coverage and whether your business may benefit from additional protections such as equipment breakdown coverage.

Already have Equipment Breakdown Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
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