General Liability
Boiler and machinery insurance, also called equipment breakdown insurance, provides coverage for physical damage and financial loss that can result from an equipment breakdown.
What’s typically covered
Boiler and machinery insurance covers the costs required to repair or replace damaged equipment, as well as losses incurred because of the time it took to repair the equipment and restore business operations. It covers not only the damage to the machine, but also other property damages caused by the malfunctioning machine.
Boiler and machinery insurance protects common items such as air conditioners, computers, refrigerators, and ovens but also covers generators, HVAC systems, elevators, copiers, telephones, and even security systems.