EBC covers mechanical breakdown as a source of loss and secures your service.
It is sensible to prepare for unexpected equipment breakdowns, as you want to ensure the success of your business. You can protect yourself from financial loss if you choose a tools breakdown protection option with your business property insurance policy.
Include protection for electric motors, workplace tools, heating and cooling systems, and electric panels. You can eliminate the need for an additional plan by adding this protection to your home or business insurance plan.
INCLUDED IN YOUR BUILDINGS INSURANCE POLICY
You can get help from an independent representative to choose the right tools for protection of your residential or commercial property.
You may or might not include manufacturing equipment in your plan. Your plan will offer comprehensive protection for your business against a wide range of equipment failures.
Devices break down protection includes mechanical break down as a protected source of loss, securing your service from business-interruption losses in addition to straight damages losses brought on by an unintended failing to an important tool.
Could this happen to you?
Consider these examples:
- You are protected against a loss if you use a compressor for pneumatically driven air supply. The device breakdown protection covers, up to the limits defined in your policy, the additional costs incurred for the repair of the compressor as well as the cost itself.
- An electric surge can cause a large air conditioning electric motor to short circuit, causing you to shut down your medical system and stop visits until repairs are completed. In addition to the cost of repairing the damaged electric motor, equipment breakdown insurance covers the loss in revenue from visits that could not be rescheduled.
- When a heavy-pressure steam central heating boiler breaks, it can cause significant damage to your production line as well as structure. The Devices Breakdown Insurance covers damages to both your equipment and your structure.
- A manufacturing machine’s equipment can break down instantly, halting your assembly line. If you’ve purchased a tool breakdown protection plan for your manufacturing equipment, the plan will reimburse up to the plan limit for the cost to repair or replace the damaged tools and for any lost earnings or additional costs brought on by an accident.
Is your organization safe?
You can reduce the anxiety that such failures cause by ensuring your tools against breakdown or failure. Contact your independent regional representative to add this protection to your commercial or residential property plan.
