Equipment breakdown insurance is designed to alleviate financial losses incurred when equipment malfunctions due to accidents. Often complementing property insurance, this product is tailored to address the distinct risks and vulnerabilities associated with equipment and technology hardware. It provides coverage for incidents such as power surges, short circuits, centrifugal force, boiler overheating or cracking, and mechanical breakdown.
Patterson & Associates Insurance Agency, Inc. represents leading carriers in the equipment and boiler breakdown insurance sector and will work with you to deliver extensive protection for your company.
Our approach involves conducting a thorough gap analysis of your current insurance, risk management strategies, and loss prevention protocols to uncover the specific exposures inherent in your operations.
