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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    • Utilities have been placed underground in America for more than 200 years. These underground utilities can include sewer and water laterals, telephone, fuel, and fiber optics. Unfortunately, even with many updates and new development to our infrastructure through the years, there can be poor documentation—or sometimes none at all—of abandoned utilities left underground.
    • Retaining top talent is a challenge that every business continually faces. Having one of your best employees leave can be a very costly event. Not only are you forced to use valuable time to find and hire a new person, but your customers may also suffer due to a reduced experience since newer employees are typically less knowledgeable.
    • Choosing a subcontractor or contractor may sound simple to some, but for those who are not seasoned in doing it, there can be devastating consequences throughout the project if the wrong one is selected. What I’m about to share with you comes from my own experience. We are not going to discuss contracts at this time. Instead, I would like to focus on some key points you can think about next time you are choosing a contractor. 

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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.