Ontario Equipment Breakdown Insurance
Although you may purchase a policy that states it is Broad Form, there are limitations and exclusions in all policies. ‘Boiler and Machinery’ insurance, now more commonly referred to as ‘Equipment Breakdown insurance‘ is needed to provide coverage for certain losses excluded from standard property coverage.
These losses could cause severe damage to heating/air conditioning systems, electrical panels, machinery, refrigeration and electronic equipment, as well as consequential loss to property and income. In addition to protecting your own equipment, many leased premises require that the tenant be responsible for the heating and air conditioning systems. There is so much more to Equipment Breakdown coverage than its original need for the inherent risk from boilers! Contact our experts for more information and a quote. We insure peace of mind.
What is Equipment Breakdown Insurance?
Equipment Breakdown insurance is a type of property and casualty insurance specially design for machinery that you use for business. The policy covers losses incurred due to the sudden breakdown of equipment and the costs associated with repairing or replacing damaged equipment.
Who Needs Equipment Breakdown Insurance?
Businesses that want to properly protect themselves from risks and loses resulting from equipment failure can benefit from an Equipment Breakdown insurance policy. If your business relies on machinery and equipment to operate, you should have proper protection with Equipment Breakdown insurance.
Not Your Average Insurance Broker!
Award-Winning Insurance Broker
Trusted Provider For 95+ Years
Accessible Insurance on the Go
Get In Touch
At Morison Insurance we represent dozens of Canada’s best insurance companies. All provide competitive prices, excellent service and outstanding claims service. We will shop at all of these companies to get you the best insurance for your individual needs.