Equipment Breakdown Insurance in Canada: Meeting the Demands of a Tech-Reliant World
Today’s Canadian businesses and buildings rely heavily on advanced technology and interconnected systems—from HVAC and refrigeration units to smart automation, point-of-sale terminals, and industrial machinery. But what happens when that technology fails?
🚨 Standard property policies often exclude losses from mechanical, electrical, or electronic breakdowns—which is exactly where Equipment Breakdown Insurance comes in.
🖥️ Why It’s More Relevant Than Ever
• Growing dependence on technology to power operations.
• Increased vulnerability of sensitive electronics and automation systems.
• Power surges, mechanical failure, or operator error can bring operations to a standstill.
• Repairs and replacements are becoming more costly—and delayed—due to supply chain issues.
🏭 What Does It Cover?
✅ Heating, cooling, and refrigeration systems.
✅ Electrical panels, boilers, and pressure vessels.
✅ Computers, servers, and point-of-sale systems.
✅ Income loss due to operational downtime.
✅ Spoilage and restoration expenses.
💡 Who Should Consider It?
• Retailers and restaurants.
• Office buildings and data centres.
• Manufacturers and distribution warehouses.
• Condominium corporations and commercial property owners.
🛡️ Don’t wait for an unexpected shutdown to reveal a costly gap. Equipment Breakdown Insurance isn’t just for factories—it’s vital protection for any modern, tech-reliant business operating in today’s fast-paced Canadian economy.
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