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. Also included are 5 additional coverages, 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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    • Like many industries, construction has changed quite a bit in the past 10 to 15 years. I remember the industry 40 years ago, when I started in it, and it looks nothing like the construction of today. When I talk to contractors who have been in the construction industry as long as I have, we end up reminiscing about how the industry was when we first began. There seems to be a connection as we share with each other how we used to do things—things that this generation today will never experience.
    • As a small business owner, you know that health insurance-related costs are a big concern. But while you know healthcare is expensive, you also know that keeping your employees healthy is important to their happiness and your bottom line. As more jobs shift to an office setting, sitting is now being referred to as the new smoking. Therefore, your office building is in a unique position to get employees more active.
    • It’s summertime, and that means it’s grillin’ time. Unfortunately, those gas and charcoal grills that help create the perfect steak also create an additional fire hazard. Each year, grills cause nearly 9,000 fires and result in 16,000 injuries—over half of which are burns.

    • John L.

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      Author of Services & Merchant Focus

    • Addie B.
      Author of Home Focus

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    Other things you might be interested in.

    Brochures

    Acuity has a number of brochures that explain our policies, coverage options, and services in additional detail.

    Glossary

    Does insurance lingo sometimes leave you guessing? Check out our glossary!

    Videos

    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.


    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

    Equipment breakdown is usually associated with a sudden event that causes operation to cease. Wear and tear occurs over time. 


    Coverage does not apply for that situation. However, if an accident results, coverage applies for the loss, damage, or expense caused by the accident.


    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.