equipment breakdown insurance

Equipment breakdown insurance is coverage for loss due to mechanical or electrical breakdown of nearly any type of equipment, including photocopiers and computers.

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Additional Information

Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown. Resulting business income and extra expense loss is often covered as well. Equipment breakdown insurance is increasingly replacing traditional boiler and machinery (BM) insurance, in part simply because the title is more descriptive of the coverage provided. Also, today's equipment breakdown policies typically provide slightly broader coverage than traditional BM policies, and they usually do not use the specialized terminology found in traditional BM policies.



Boiler and Machinery (BM) Insurance