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Reinsured Commercial Equipment Breakdown

Equipment breakdown coverage for small businesses

Coverage for physical damage and business income loss resulting from equipment breakdown

Backed by HSB’s extensive equipment breakdown experience and expertise, our reinsured commercial equipment breakdown coverage helps your small business policyholders when critical equipment fails and causes business income loss and other expenses.

Commercial equipment breakdown coverage

As equipment has become more sophisticated, functional, and useful, it has also become more fragile, with sensitive computer circuitry now integral to devices from diagnostic machines to inventory control systems. Imagine what damage a power surge could do.

Filling the gaps that property insurance won’t cover

Property insurance is not designed to provide protection for the unique technical causes of equipment breakdown. With HSB commercial breakdown insurance, your policyholders are protected from risks of loss due to power surges, short circuits, centrifugal force, boiler overheating or cracking, and mechanical breakdown.

Innovative coverages available only from HSB

With coverage for electronic circuitry impairment and HSB’s AlertAssist™ Equipment Alert, your clients can feel confident in their commercial equipment operations.

Electronic circuitry impairment covers equipment breakdown caused by undetectable or nonphysical damage to microelectronics such as firmware corruption or software failure. This coverage is triggered when covered equipment suddenly stops working as it had been and that equipment or a part containing electronic circuitry must be replaced.
With AlertAssist™ Equipment Alert, coverage begins when an electronic machine health monitoring system installed on the equipment alerts the owner about a pending equipment failure. There is no deductible, and costs such as troubleshooting and preemptive repair are covered. Coverage may not be available in all states.

Download AlertAssist™ Product Sheet

Introducing AlertAssist™ Equipment Alert

PDF, 1 MB

HSB Equipment Breakdown Services

HSB provides inspection services and engineering-based risk management in support of our partners and clients worldwide. With a staff of over 600 inspectors and engineers commissioned by the National Board of Boiler and Pressure Vessel Inspectors and the American Society of Mechanical Engineers, HSB conducts hundreds of thousands jurisdictional inspections in the US every year.

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What a loss can cost

Commercial equipment is exposed to unique risks that other property is not, such as electrical short circuits, mechanical forces, overload, and control failures. By examining loss examples, you can gain insight into why equipment breakdown insurance is so important to today’s equipment-intensive businesses.

$44,267

Grocery store

After a power surge damaged wiring, telephone, alarm, point of sale system, and coolers in a local market, the groceries spoiled and the owner had to close the store until repairs could be made.

$58,500

Pizza restaurant

The owner of a popular pizza shop didn’t notice the grease build-up in the exhaust fan until the fan’s shaking caused the bearings to burn out and the fan to stop. With no ventilation, the owner had to close until repairs could be made.

$13,212

Print shop

When the owner of a print shop discovered that his printer wouldn’t turn on, his repair person found the equipment’s motherboard and networking card had issues. Functionality was restored when the electronic components were replaced. Parts shipping delays caused the printer to outsource two jobs.

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.

Additional commercial coverages

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Cyber

Protection from evolving commercial cyber risks

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Farm and Ranch

Insurance for farming equipment, implements, and technology

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Specialty Liability

Protection from lawsuit risks

Protect commercial clients from equipment breakdown risks

Today’s businesses face many risks when it comes to equipment and the technology that runs it. With our reinsured commercial equipment breakdown coverage in your insurance program, you can help protect your small business policyholders from property damage and financial loss due to the breakdown of commercial equipment—and get them back up and running if something happens.

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