PMA Insurance Group -- Equipment Breakdown Coverage

Equipment Breakdown Coverage

When equipment stops so does a business. Equipment and technology are essential to the operations and revenues of almost every type of business. Yet equipment is subject to risks that other types of property are not.

Types of breakdowns

All types of equipment can suffer from a breakdown resulting from:

Short circuits/electrical arcing
Power surges
Mechanical breakdown
Motor burnout
Boiler Damage
Operator error

Protect against these risks with Equipment Breakdown Insurance

The physical damage and business income loss that can stem from equipment breakdown can be extremely costly to your bottom line. That's why PMA offers Equipment Breakdown Coverage, which pays for:

Direct property loss -- the cost to repair or replace the damaged equipment;
Costs associated with the time and labor to repair or replace the equipment;
Other expenses incurred to limit the loss or speed the business restoration;
The loss value of spoiled products or materials.
Business recovery expenses

All types of equipment are covered

Just about any type of equipment you use to conduct business is covered by Equipment Breakdown Insurance, including

Electrical systems;

Air conditioning;

Refrigeration;

Retail scanners and cash registers;

Computers;

Phone and communications systems;

Burglary alarms;

Boilers and pressure vessels, and more.

Typical Losses

Losses that may be responded to by Equipment Breakdown coverage include the following:

Power surge is transmitted through a LAN, damaging 200 computers.
A plug in the domestic hot water meter failed, damaging the boiler, hot water heater and electrical panels.
Power surge damages air conditioning compressor, ice machines, microwaves and other appliances.
Piping of air conditioning system leaks into telephone switching equipment. Shorts out equipment.

At PMA, we make a special effort to ensure that our policies keep pace with your changing insurance needs and risks. For this reason, PMA includes Equipment Breakdown Coverage as a standard feature in our policies. It's just one more example of the PMA difference. In addition, as part of the policy, we offer the service of performing the periodic inspections of boilers and pressure vessels required in most states and municipalities.