⚙️ Equipment Breakdown (Boiler & Machinery) Insurance for BC Businesses 🏭🇨🇦
For many businesses in British Columbia, success relies on equipment running smoothly—whether it’s boilers, HVAC systems, production machinery, or even computer servers. But what happens when critical equipment suddenly fails? That’s where Equipment Breakdown Insurance, also known as Boiler & Machinery Insurance, comes in.
🔥 What It Covers
Unlike standard property insurance, which protects against external risks like fire or flood, Equipment Breakdown Insurance covers internal causes of failure, such as:
- Mechanical breakdown ⚙️
- Electrical arcing ⚡
- Boiler explosions or pressure vessel failures 💥
- Computer or communication equipment breakdown 💻
This coverage can extend to repair or replacement costs, lost income due to downtime, and even extra expenses needed to keep your business operational.
📌 Example Scenarios
- A restaurant’s refrigeration system fails, leading to food spoilage.
- A manufacturer’s production line halts due to a motor breakdown.
- A data centre faces a costly outage from an electrical surge.
❌ What It Doesn’t Cover
- Normal wear and tear 🛠️
- Poor maintenance issues
- External perils like fire, flood, or theft (these are covered by property insurance)
✅ The Takeaway
For BC businesses—whether in hospitality, manufacturing, construction, or technology—Equipment Breakdown Insurance is a vital complement to your property coverage. It protects your business from costly disruptions that can strike unexpectedly, ensuring you’re not left vulnerable when critical equipment fails.
👉 Have you reviewed your coverage lately? One breakdown could result in more than just repair costs—it could mean lost customers.
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