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Because your business depends on functioning equipment to operate and maintain revenue, a breakdown could be devastating. Problems with your equipment can be extremely risky if you are not properly insured, as standard Property Insurance will not cover these types of losses. Equipment Breakdown Insurance (also referred to as Boiler and Machinery Insurance) will cover you in the event of damage or a breakdown.

Cornerstone can help to provide the broadest protection including breakdown due to:

  • Mechanical breakdown
  • Electrical arcing
  • Artificially generated electrical currents
  • Centrifugal force
  • Bulging, cracking or collapse of pressure vessels

Equipment breakdown coverage can be applied to many types of equipment including:
Air conditioning and refrigeration, Electrical equipment, Computers and telecommunications, Business equipment, Production machinery, Computer-controlled machines, Security systems, Retail “point of-sale” systems, Ventilation systems, Generators, Elevators and escalators, Boilers, Hot water heaters, Motors and pumps, Engines

At Cornerstone we can easily extend your protection to include optional coverage for losses that may result from a breakdown including:

  • loss of income
  • extra expenses incurred
  • damage caused by spoilage