HSB TechAdvantage™
Equipment breakdown coverage, complete with best-in-class underwriting, engineering, inspection, and claims service
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HSB is, and always has been, a technology-driven company built on a foundation of specialty insurance and engineering expertise. As HSB accelerates into the future, we continually innovate equipment breakdown coverages and services to respond to equipment trends and changing market dynamics.
HSB TechAdvantage™ — dynamic, forward-thinking
HSB’s ever-evolving Equipment Breakdown (EB) coverage is designed to address the latest equipment risks to help our policyholders better manage their exposures and protect their assets.
For decades, we have protected equipment from traditional risks such as power surges, short circuits, centrifugal force, boiler overheating or cracking, and other equipment breakdown accidents that are not covered under standard property insurance.
But that is not all we cover. HSB first introduced a second cause of loss to our policy with coverage for electronic circuitry impairments.
And we are not silent on cyber risk to equipment. Protecting equipment against breakdown must encompass protecting against damage caused by cyberattacks. HSB TechAdvantage Equipment Breakdown coverage does not exclude direct physical damage to equipment as a result of a cyber event.
We excel at insuring even the toughest risks
Capabilities at-a-glance
Any size risk in the United States and Canada
Up to $250m capacity
Operational and Builder’s Risk
100% placement, lead lines, quota-share, or excess
The depth of expertise and collaboration here at HSB is what makes us unique and helps me be successful in writing even the most difficult accounts.
HSB Equipment risk management services
What a loss can cost
$1,597,389
Office building
Electrical arcing destroyed three main electrical panels and left an office building without power. Temporary measures were taken to quickly restore power to tenants.
$292,513
Hospital
A turbine generator supplying power to a hospital failed when blades broke and penetrated the engine.
$90,600
Manufacturer
A faulty circuit in a water pump caused a fire tube boiler to dry fire. The boiler was severely damaged.
Why trust HSB for commercial equipment breakdown insurance
#1
Equipment Breakdown insurer
HSB is the leading provider of equipment breakdown insurance in North America.
600+
Commissioned inspectors
HSB employs over 600 commissioned and accredited inspectors and engineers.
150+
Years
HSB was one of the first to offer equipment breakdown (formerly boiler & machinery) insurance.
A++
Rated
HSB is rated Superior by A.M. Best rating, the largest credit rating agency in the world specializing in the insurance industry.
