Boiler and Machinery Insurance Explained
Boiler and Machinery Insurance, also known as Equipment Breakdown Insurance, provides protection against equipment failures that can disrupt your business. This form of insurance offers coverage for repair costs, revenue loss, and additional expenses tied to equipment breakdowns. Running a business often requires specialized equipment and machinery that powers operations, whether in manufacturing, healthcare, energy, or other sectors. These machines enable productivity, but what happens when they break down? What Boiler and Machinery Insurance Covers Boiler and Machinery Insurance serves as a shield for businesses dependent on heavy equipment. Coverage extends beyond boilers and applies to a broad spectrum of machinery. Here’s a breakdown of what this insurance generally includes: Repair Costs for Equipment When equipment fails, the repair costs can be extensive, especially for specialized or customized machinery. Boiler and Machinery Insurance helps cover repair or r...