Boiler and Machinery Insurance is specialized coverage
Boiler and Machinery Insurance provides coverage for physical damage to and loss of use of equipment resulting in a breakdown It also covers you for financial loss while the equipment has been inoperative. Boiler and Machinery Insurance often referred to as equipment breakdown insurance, covers; the cost of repairing or replacing the broken down or damaged equipment, and losses incurred due to the equipment not working.
Boiler and Machinery Insurance is a specialty insurance, it makes no sense purchasing this type of insurance if your business doesn’t have machinery that is used to manufacture products, and runs on a continuing basis.
The name can be a little confusing, Boiler and Machinery Insurance while covering all of the above can also cover modern pieces of equipment, like computers, copiers, telephone equipment and telephones, just to name a few.
While you might be thinking, what would cause my computer to breakdown well for one it could be caused from and electrical surge, resulting from a lighting storm. This is the kind of insurance that is more specialized coverage than what you would find in a property insurance policy. If you have ovens, boilers, office equipment, furnaces, HVAC systems, refrigeration units or even elevators you should have a Boiler and Machinery Insurance policy.
For more information contact an agent at Cantiani Insurance Agency at 318 Plantation Street, Worcester, MA 01604. Phone: 508-791-2088 we’ll be glad to help! Or fill out the contact form below.