Equipment Breakdown
Equipment is vital to any business. Acuity’s equipment breakdown coverage provides the protection you need when the unthinkable occurs and your equipment malfunctions.
What is covered?
Equipment breakdown coverage is no longer simply for your boiler and machinery. Does your business use a computer or alarm system? What about heating systems in the winter and air conditioning systems in the summer? Acuity’s equipment breakdown coverage can protect all of this and more.
Acuity coverages
Acuity’s equipment breakdown coverage endorsement attaches to a property or Bis-Pak policy. The property or Bis-Pak® coverage you have is expanded to include loss due to equipment breakdown, and your business income coverage is extended to include breakdown losses. Many additional coverages are provided, including extra costs to make repairs and replace or restore electronic data.
What makes us different?
Improved efficiencies in equipment are the norm these days. Acuity understands the importance of efficiency in your business. If your equipment needs replacement due to a loss, Acuity will replace it with equipment that is better for the environment, safer for people or more energy efficient. Everyone is a winner!
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Other things you might be interested in.
Acuity has a number of brochures that explain our policies, coverage options, and services in additional detail.
Does insurance lingo sometimes leave you guessing? Check out our glossary!
Watch our helpful business specific videos featuring our specialists, covering everything from safety to new trends in your industry.
FAQs
Have questions? We have answers.
What are some examples of things covered by equipment breakdown coverage?
Some of the equipment covered includes:
- Telephones
- Computers
- Bar-code scanners
- Cash registers
- Restaurant point-of-sale systems
- Security and alarm systems
- Generators, fans, motors, compressors, and pumps
- Computer controlled equipment
- Fax machines, copiers, and printers
- Pay-at –the-pump machines
- Heating and air conditioning equipment
- Boilers and pressure vessels
What is the difference between equipment breakdown and wear and tear?
Equipment breakdown is usually associated with a sudden event that causes operation to cease. Wear and tear occurs over time.
Is there coverage for equipment that fails due to normal wear and tear?
Coverage does not apply for that situation. However, if an accident results, coverage applies for the loss, damage, or expense caused by the accident.
What happens if multiple pieces of property fail at the same time?
If multiple pieces of equipment fail at the same time, it will be considered a single event for claims purposes. That’s good news for you, as your deductible would only be applied once.