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Equipment Breakdown

Equipment breakdown insurance is one of the core coverages in a business owners policy (BOP), that protects your company's mechanical, electrical, and computer equipment from unexpected breakdowns.

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Equipment Breakdown

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CLEAR Insurance provides a single point of contact for clear, understandable and unbiased recommendations for all your insurance needs. Whether in the area of commercial coverages for a business or in personal coverage, the CLEAR Insurance team is here to help you protect what matters most.

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

Examples of equipment that the insurance typically covers?
  1. Mechanical, which includes motors, engines, generators, elevators, water pumps and specialized production and manufacturing equipment.
  2. Electrical, which includes transformers, electrical panels and cables.
  3. Computers and communications, which includes computer systems, phone systems, voice mail systems, security systems and fire alarm systems.
  4. Air conditioners and refrigeration systems
  5. Boilers and pressure equipment

Does my commercial property insurance cover equipment?

Your business owner policies commercial property insurance covers damages caused by covered external cause, such as a fire. covers damages caused by covered internal forces, such as power surges, electrical shorts, mechanical breakdowns, motor burnout or operator error.

Keep in mind that even though equipment breakdown insurance covers computers, it does not cover software. To fully protect your computer systems, including software, you’ll need cyber liability insurance.

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