• Skip to primary navigation
  • Skip to main content

RegalRegal

Any Questions?
1 (800) 516-6276
  • Personal Insurance
    • Personal Insurance
    • Auto Insurance
      • Auto Insurance
      • Car Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • RV & Motorhome
      • Supplemental Auto Insurance
    • Property Insurance
      • Property Insurance
      • Airbnb Insurance
      • Condo Insurance
      • Home Insurance
      • Landlord Insurance
      • Seasonal Insurance
      • Supplemental Property Insurance
      • Tenant Insurance
    • Life Insurance
      • Life Insurance
      • Term Life Insurance
      • Universal Life Insurance
      • Whole Life Insurance
    • Travel Insurance
      • Travel Insurance
      • Backpacker Travel Insurance
      • Snowbird Travel Insurance
      • Student Travel Insurance
      • Visitors to Canada
    • Other Insurance
      • Boat Insurance
      • High-Risk Insurance
      • Identity Theft Insurance
  • Business Insurance
    • Business Insurance
    • By Industry
    • By Product
    • By Industry
      • Agriculture Insurance
      • Automotive Sales & Service Insurance
      • Contractors Insurance
      • Farm Insurance
      • Home Business Insurance
      • Hospitality Insurance
    • Additional Industries
      • Medical Insurance
      • Professional Insurance
      • Real Estate Insurance
      • Retail Business Insurance
      • Small Business Insurance
      • Wholesaler & Manufacturer’s Insurance
    • Commercial Liability
      • Commercial General Liability Insurance
      • Cyber Liability Insurance
      • Product Liability Insurance
      • Professional Liability Insurance
    • Additional Coverages
      • Business Contents Insurance
      • Business Interruption Insurance
      • Commercial Auto Insurance
      • Commercial Property Insurance
      • Equipment Breakdown Insurance
      • Surety Bond Insurance
  • About Us
    • About Us
    • Our Company
      • Our Family
      • Our Team
      • Who We Represent
      • Why An Independent Broker
    • Our Family
    • Our Team
    • Who We Represent
    • Why An Independent Broker
  • Tools & Resources
    • Tools & Resources
      • Auto Coverage Options
      • Property Coverage Options
      • Frequently Asked Questions
    • Help Center
      • Auto Insurance 101
      • Home Insurance 101
      • Business Insurance 101
  • Manage Your Policy
  • Get A Quote

Who Needs Equipment Breakdown Coverage

February 25, 2016 by Regal Insurance

Who needs equipment breakdown coverage?

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:

What’s it all about?

Equipment Breakdown Insurance is a form of property insurance. Its purpose is to insure against the financial losses – property damage, business interruption and spoilage losses – that result from defined “accidents” to specified kinds of mechanical, electrical and pressure equipment (called “objects” in the policy).

Insured equipment may include such things as steam boilers, hot water boilers, pressure vessels, refrigerating and air conditioning systems, motors, generators, compressors, pumps engines, fans, blowers, gear sets, turbines, transformers, electronic equipment and a wide range of production and processing equipment.

Potential Equipment Exposures

Coverage may be provided for the below exposes under an Equipment Breakdown Policy.

A/C cooling tower
Air conditioning system
Circuit breakers
Computers & business
Electronic cash
Elevators
Emergency generators
Equipment
Fire detection system
Heating boilers and/or water heaters
Inventory scanners
Pbx phone system
Register
Security system
Transformers

Copyright 2012 The Boiler Inspection & Insurance Company of Canada

Download PDF

Get Your Insurance Quote Today.

Competitive rates for optimal coverage.

    * Required FieldsThis site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Call Us With Your Questions 1-800-516-6276
    • Personal
    • Business
    • About Us
    • Manage Your Policy
    • Help Center
    • Testimonials
    • Privacy
    • Sitemap
    • Careers
    Service Areas:
    • Ancaster
    • Brantford
    • Burlington
    • Cambridge
    • Fergus
    • Georgetown
    • Guelph
    • Hamilton
    • Kitchener
    • London
    • Milton
    • Mount Brydges
    • Oakville
    • Sarnia
    • St. Thomas
    • Stratford
    • Strathroy
    • Waterloo
    • Woodstock
    Main Office: 2-428 Gage Ave,
    Kitchener, ON
    N2M 5C9
    Stay Connected
    Are You Paying Too Much for Insurance?

    No obligation, just great information!




      * Required FieldsThis site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

      Copyright © 2023 · Regal Theme on Genesis Framework · WordPress · Log in