Equipment breakdown insurance

What is equipment breakdown insurance? 

Equipment breakdown coverage helps protect your business from financial loss when essential equipment unexpectedly malfunctions. This could include heating and cooling systems, computers, or even security systems. Acuity’s coverage ensures you can repair or replace the damaged equipment while keeping your business running smoothly.  

Why do I need equipment breakdown insurance? 

It doesn’t matter the industry; businesses rely on their equipment running as efficiently as possible. A breakdown can lead to unexpected costs, lost income, and operational delays. Equipment breakdown coverage provides protection, helping cover repair costs, data restoration, and even income loss due to downtime.  

What makes us different? 

Improved equipment efficiency is 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! 

What does it not cover?  

While equipment breakdown insurance provides broad protection for your primary business location, you may need another Acuity policy for the following.  

Commercial Auto provides liability and physical damage coverage for vehicles used in business. If your business owns or leases vehicles or your employees drive personal vehicles for business purposes, Acuity can help protect you with commercial auto insurance. 

Inland Marine coverage is for property in transit or stored somewhere other than your primary business location, such as contractor’s equipment and tools, inventory in transit from warehouse to retailer, or property in the course of construction.  

Crime and Fidelity coverage, including fraud or theft of your property or your client's property, isn’t included within a general liability policy. However, Acuity can protect your business from these crimes with separate coverage.