Boiler & Machinery
Don’t have a boiler? You may still need this type of commercial insurance! That’s because this longstanding type of coverage has been modernized and is now also referred to as “equipment breakdown.” It’s a policy that provides coverage for physical damage to, and financial loss from, equipment breakdown. Generally, it covers the cost of repairing or replacing the damaged equipment, as well as business losses incurred from the equipment not functioning. This type of insurance can cover a wide range of equipment types, including HVAC systems, ovens, boilers and furnaces, refrigeration units, elevators, and office equipment.