Systems Breakdown Insurance

Systems breakdown insurance covers the sudden and accidental, physical damage to equipment that requires its repair or replacement. We will design comprehensive coverage to protect your business against a financial disaster.

Does what commercial property insurance cannot

Commercial property insurance protects your business against equipment and machinery being damaged by fire, flood, and other external risks. But, it does not cover risks such as mechanical failure, breakdown, wiring problems, or short circuits.

Coverage for the equipment you rely on every day

Such breakdowns can bring your business to a grinding halt as you deal with both the cost and time spent repairing or replacing. Systems breakdown insurance always covers the repair and replacement costs, and you will often have the option to pay a higher premium to protect against loss of business during the downtime.

Protects everything from machinery to equipment and hardware

A systems breakdown insurance policy can cover all sorts of equipment used in your business–such as elevators or heating–rather than just the machinery your business uses while manufacturing. Policies usually cover computer equipment, but will only pay out for physical hardware damage rather than software failure or malware.

Fills in the gaps of manufacturer warranties

It is worth noting that, while manufacturer warranties may pay for repair costs or provide replacements in some circumstances, they usually aren't as extensive as with systems breakdown insurance. For example, the warranty might not cover accidental damage from human error, such as overloading electrical circuits. But, systems breakdown insurance (or mechanical breakdown insurance) will cover this type of incident.

Think systems breakdown insurance is right for your business? We can help you find a policy that works best.

Request a systems breakdown quote to get started.