Equipment Breakdown Insurance

Keep Your Business Running Smoothly with Comprehensive Equipment Breakdown Coverage

Equipment Breakdown Insurance, sometimes called “boiler and machinery insurance,” offers coverage for the sudden and accidental breakdown of equipment. This includes electrical, mechanical, and pressure systems that are essential to your business operations. Unlike standard property insurance, which only covers external damage, this policy covers internal mechanical or electrical failure.

Tooher-Ferraris Insurance Group offer specialized equipment breakdown insurance to protect your assets.

Get a Free Quote Today!

Who Needs Equipment Breakdown Insurance?

Any business that relies on equipment to operate can benefit from Equipment Breakdown Insurance, including:

Manufacturers
Retail stores
Restaurants and foodservice providers
Healthcare facilities
Offices with essential computer systems

Tooher-Ferraris is dedicated to offering top-tier insurance solutions tailored to your business’s unique needs. Our Equipment Breakdown Insurance includes:

Electrical Failure: Coverage for damage to electrical systems, transformers, and generators
Pressure Systems: Protection for boilers and other pressure-related equipment
Computerized Equipment: Repairs or replacements for systems critical to your operations
Refrigeration Systems: Coverage for refrigeration breakdowns, including spoiled inventory
Business Income Loss: Compensation for lost income due to equipment failure

Frequently Asked Questions (FAQs)

What types of equipment are covered under Equipment Breakdown Insurance?

Our policy covers a wide range of equipment, including HVAC systems, electrical panels, computers, manufacturing equipment, and more. Essentially, if it’s vital to your operations and can break down, we can help protect it.

How does Equipment Breakdown Insurance differ from a standard property insurance policy?

While standard property insurance covers physical damage to your building and contents from events like fire or theft, Equipment Breakdown Insurance specifically covers internal failures of machinery and equipment due to causes like electrical malfunctions or mechanical issues.

Is business interruption covered under Equipment Breakdown Insurance?

Yes, our policy includes coverage for business interruption, helping to cover lost income while your equipment is being repaired or replaced.

Does the insurance cover operator errors?

Yes, if an operator error leads to equipment failure, our insurance policy can help cover the costs associated with the breakdown.

Can I tailor the policy to my specific industry needs?

Absolutely. Tooher-Ferraris specializes in creating customized insurance solutions. We will work with you to design a policy that meets your industry’s unique demands.

How quickly can I get my equipment repaired under this insurance?

We prioritize quick response times and have a network of trusted repair professionals who can begin work as soon as possible, minimizing your downtime.

What should I do if my equipment breaks down?

In the event of a breakdown, contact our claims department immediately. We will guide you through the process, coordinate repairs, and help you get back to business quickly.

Will my premiums increase if I file a claim?

Not necessarily. Each situation is unique, and we assess claims based on a variety of factors. Our goal is to support your business through any difficulties without adding financial strain.

Protect Your Business Today

Equipment Breakdown Insurance is an essential safeguard for any business that relies on machinery or technology. With Tooher-Ferraris Insurance Group, you get comprehensive coverage, industry-specific solutions, and a dedicated team ready to support you in times of need.

Securing your business with Tooher-Ferraris’ Equipment Breakdown Insurance is simple.

Contact our team today to discuss your needs, get a quote, and start protecting your business from unexpected equipment failures.

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