Equipment Breakdown
SIU offers Equipment Breakdown coverage that protects insureds from the costs associated with losses to their facility's equipment.
SIU’s Commercial Property & Casualty department offers Equipment Breakdown coverage that covers more than the cost of repair! General Liability available in all states!
- Covered Equipment
- Protection From Damage Caused By
- Coverage Pays for
- Phone systems
- Business equipment (photocopiers, fax machines, inventory scanners and blue print machines)
- Electronic cash registers and scanners
- Electrical distribution systems
- Heating and cooling systems
- Refrigeration systems
- Elevator drives and equipment
- Security and alarm systems
- Diagnostic equipment
- Processing and production equipment
- Short Circuits/electrical arcing
- Utility power surges
- Mechanical breakdown
- Motor burnout
- Centrifugal force
- Direct property loss- the cost to repair or replace damaged equipment
- Loss of business income and extra expense
- Spoilage as a result of covered equipment breakdown events
- Other expenses incurred to limit the loss or speed business restoration
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From Insurance Business America