Coverage for loss arising out of the operation of pressure, mechanical, and electrical equipment. It covers loss of the boiler and machinery itself, damage to other property, and business interruption losses.
A form of property coverage for loss arising out of the operation of pressure, mechanical and electrical equipment. It may cover loss to the boiler and machinery itself and business interruption losses.
Coverage for loss arising out of the operation of pressure, mechanical and electrical equipment. It may cover loss suffered by the boiler and machinery itself and may include damage done to other property, as well as business interuption losses.
A form of insurance that protects an insured from losses resulting from damage to boilers and other machinery.
Insurance covering the sudden and accidental break-down of boilers, machinery and electrical equipment. It may cover damage to the machinery itself, damage to other property and business interruption losses.
Protects your business in case of the sudden and accidental breakdown of your steam boilers, steam pipes, steam engines and turbines, machinery, electrical equipment and mechanical equipment. Sometimes these items are excluded from standard property insurance policies. Some carriers now use the term "Systems Breakdown Coverage" or "Equipment Breakdown Coverage" to refer to Boiler and Machinery coverage. Since the terminology can have different meanings, a policy should be carefully reviewed to determine if traditional boiler and machinery coverage is included in Systems Breakdown or Equipment Breakdown.
Coverage for explosions caused by steam boilers, compressors, engines, electrical equipment, flywheels, air tanks, and furnaces. Prevention of loss is emphasized even more than indemnification of loss.
Coverage for damage to property and the resulting legal fees and loss of income caused by the malfunction of specialized property, which is usually excluded by typical property coverage forms. Such specialized property includes steam boilers, compressors, pumps, production equipment, and electrical equipment.
Covers losses resulting from the malfunction of boilers and machinery. This coverage is usually excluded from property insurance creating the need for this separate product.
Insurance against the sudden and accidental breakdown of boilers, machinery, and electrical equipment. Coverage is provided on (1) damage to the equipment, (2) expediting expenses, (3) property damage to the property of others, and (4) supplementary payments; and (5) automatic coverage is provided on additional objects. Coverage can be extended to cover consequential losses and loss from interruption of business.
insurance that covers the insured for losses arising out of the use of steam boilers or other machinery or equipment. May be included in the Commercial Package policy.
Often called Equipment Breakdown, or Systems Breakdown insurance. Commercial insurance that covers damage caused by the malfunction or breakdown of boilers, and a vast array of other equipment including air conditioners, heating, electrical, telephone, and computer systems.
A specialized insurance policy covering loss arising from the operation of such items as refrigeration units, engines, motors, pressurized systems, and other machinery. The risk in these areas are generally excluded from other property coverage policies because engineering and technical knowledge is needed to assess risks, reduce exposures, and design insurance.
Coverage that indemnifies in the event of loss with respect to and arising from the ownership, use and operation of boilers, pressure vessels and machinery.
Coverage for loss arising out of malfunction, the operation of pressure, mechanical, and electrical equipment. Most property insurance policies exclude these types of risks.
