Improve your commercial lines package - the easy way with Equipment Breakdown Insurance

The Equipment Breakdown Rider is an Endorsement for commercial lines package policies that BI&I has made available to a number of Property Casualty Insurers in Canada. It is an easy way for brokers to include equipment breakdown insurance in the commercial lines packages with these insurers. Just ask your commercial lines underwriter for a quote.

What's Covered?
Nearly everything that is mechanical, electrical or under pressure can be insured for loss due to breakdown. The most common types of equipment would include heating boilers, air conditioning and refrigerating units, electrical panels, computers and telephone systems.

Eligible Risks
Any non-manufacturing and non-processing risk account not exceeding $15,000,000 in value for building owners and $1,000,000 for tenants.
Three coverage options are available to suit a variety of needs:

Option 3 - Comprehensive Plus
Under this option it is possible to insure nearly everything mechanical and electrical in small to mid-sized business, whether tenanted or owner occupied. This coverage protects the kind of electronic equipment that businesses depend upon most, such as:

Computers, Printers
Telephone Systems
Photocopiers, Fax Machines
Diagnostic Equipment
Security Systems
Stoves, Ovens
Retail Scanning Equipment

Coverage is also included on equipment used to provide human comfort or services in a building, such as:

Boilers, Hot Water Tanks
Air Conditioning and Refrigeration Equipment
Mechanical Pumps, Fans and Compressors
Electrical Motors, Transformers and Panels

Option 3 also includes spoilage coverage. Loss of the insured's perishable goods that spoil as a result of a breakdown is covered to the policy limit.
Subject to terms, conditions and exclusions of the policy.

Option 2 - Broad Coverage
This option provides the same coverages as Option 3, except it:

excludes Electronic Equipment Coverage
excludes Spoilage Coverage

This option is appropriate for those businesses which do not have Electronic Equipment or Spoilage exposures.
Subject to terms, conditions and exclusions of the policy.

Option 1 - Basic Coverage
This option provides the same coverages as Option 3, except it:

excludes Air Conditioning and Refrigeration Equipment
excludes Electronic Equipment Coverage
excludes Spoilage Coverage

This option is appropriate for those businesses which do not have any of the above three exposures.
Subject to terms, conditions and exclusions of the policy.

These Additional Coverage Features Apply To All 3 Options

Business interruption/Extra expense if provided in property coverage section
Bylaws
Professional/Auditors fees if provided in property coverage section
Hazardous Substances to a limit of $25,000
Expediting Expenses
Broad Definition of Insured Equipment
Broad Definition of Accident/Breakdown
Service Interruption (electricity, telephone, heating and cooling)