In today’s fast-paced business world , equipment is the backbone of operations, whether you're running a manufacturing plant, a restaurant, or an office. But equipment failure can result in costly downtime, repairs, or replacements. That's where equipment breakdown coverage comes in. At Riseson Insurance , we help businesses in Tempe , Phoenix , Scottsdale , Tucson , Gilbert , and Chandler safeguard their valuable machinery and equipment with comprehensive coverage.

Equipment breakdown coverage, also known as boiler and machinery insurance, is a type of policy that covers the repair or replacement costs of equipment that breaks down due to mechanical or electrical failure. Unlike general property insurance , which might exclude certain types of damage, equipment breakdown coverage provides protection for unexpected failures of machinery and systems critical to your business.

This type of insurance typically covers:

Mechanical Failures: Failures due to wear and tear, malfunction, or breakdown of machinery and equipment. Electrical Failures: Coverage for electrical systems, including wiring, motors, and circuits that break down or malfunction. Boilers and Pressure Vessels: Protection for boilers, steam machines, and other pressure-related equipment that could fail. Cooling and Refrigeration Equipment: Coverage for systems that keep products cool, such as refrigeration units, air conditioning, or temperature-sensitive equipment. Loss of Income: Some policies may also include business interruption coverage, which helps compensate for lost income if your equipment failure results in operational downtime. Repairs and Replacement: The costs of repairing or replacing damaged equipment are generally covered, depending on the policy limits and terms.

Business Continuity: Equipment breakdowns can cause serious disruptions to operations. With this coverage, you can minimize downtime and maintain business continuity. Financial Protection : The cost to repair or replace industrial machinery or complex systems can be extremely high. Equipment breakdown coverage ensures you’re financially protected against these unexpected expenses. Comprehensive Protection: Standard property insurance may not cover mechanical or electrical failures. Equipment breakdown coverage provides a safety net for those specific risks. Preventative Measures: Some policies offer risk management services, like equipment inspections, that help identify and mitigate potential breakdowns before they occur.

While this coverage offers extensive protection, there are exclusions:

Intentional Damage: Damage caused by intentional acts or neglect is not covered. Cosmetic Damage: Minor cosmetic damage that doesn’t affect the functionality of the equipment might not be covered. Routine Maintenance: Equipment breakdown coverage typically doesn’t cover failures due to poor maintenance or failure to follow the manufacturer’s recommended upkeep. Wear and Tear: Most policies exclude coverage for equipment that fails due to normal wear and tear or age, unless the breakdown occurs suddenly.

Financial Stability : This coverage helps protect your business from significant repair or replacement costs, ensuring financial stability even after unexpected breakdowns. Quick Recovery: If a piece of essential equipment breaks down, having equipment breakdown coverage in place ensures faster repairs, minimizing disruption to your operations. Peace of Mind : Running a business can be stressful enough without worrying about whether your equipment will fail at the worst possible time. With the right coverage, you can focus on growing your business with the confidence that you're protected.

When deciding how much coverage you need, consider the following factors:

Value of Your Equipment: Calculate the cost to repair or replace your machinery and equipment. Types of Equipment: Identify which equipment is critical to your operations and would cause the most disruption if it broke down. Business Interruption Potential: Consider the financial impact of downtime due to equipment failure and whether business interruption coverage is needed. Policy Terms and Limits: Review the terms, limits , and exclusions of the policy to ensure it meets your specific needs.

Don’t let an unexpected equipment failure put your business at risk. With equipment breakdown coverage, you can protect your machinery and systems, ensuring that your operations stay on track.

Contact Riseson Insurance at 602-460-5470 to discuss how equipment breakdown coverage can benefit your business. Serving Tempe, Phoenix, Scottsdale, Tucson, Gilbert, and Chandler, we’ll tailor a policy to suit your needs and keep your business running efficiently. Let’s ensure your equipment is covered!

What is Equipment Breakdown Coverage?

What Does Equipment Breakdown Coverage Cover?

Why Do You Need Equipment Breakdown Coverage?

What Is Not Covered by Equipment Breakdown Coverage?

Benefits of Equipment Breakdown Coverage

How to Determine Your Equipment Breakdown Coverage Needs

Protect Your Equipment Today

1. Mechanical Failures: Failures due to wear and tear, malfunction, or breakdown of machinery and equipment.
2. Electrical Failures: Coverage for electrical systems, including wiring, motors, and circuits that break down or malfunction.
3. Boilers and Pressure Vessels: Protection for boilers, steam machines, and other pressure-related equipment that could fail.
4. Cooling and Refrigeration Equipment: Coverage for systems that keep products cool, such as refrigeration units, air conditioning, or temperature-sensitive equipment.
5. Loss of Income: Some policies may also include business interruption coverage, which helps compensate for lost income if your equipment failure results in operational downtime.
6. Repairs and Replacement: The costs of repairing or replacing damaged equipment are generally covered, depending on the policy limits and terms.

1. Business Continuity: Equipment breakdowns can cause serious disruptions to operations. With this coverage, you can minimize downtime and maintain business continuity.
2. Financial Protection : The cost to repair or replace industrial machinery or complex systems can be extremely high. Equipment breakdown coverage ensures you’re financially protected against these unexpected expenses.
3. Comprehensive Protection: Standard property insurance may not cover mechanical or electrical failures. Equipment breakdown coverage provides a safety net for those specific risks.
4. Preventative Measures: Some policies offer risk management services, like equipment inspections, that help identify and mitigate potential breakdowns before they occur.

1. Intentional Damage: Damage caused by intentional acts or neglect is not covered.
2. Cosmetic Damage: Minor cosmetic damage that doesn’t affect the functionality of the equipment might not be covered.
3. Routine Maintenance: Equipment breakdown coverage typically doesn’t cover failures due to poor maintenance or failure to follow the manufacturer’s recommended upkeep.
4. Wear and Tear: Most policies exclude coverage for equipment that fails due to normal wear and tear or age, unless the breakdown occurs suddenly.

1. Financial Stability : This coverage helps protect your business from significant repair or replacement costs, ensuring financial stability even after unexpected breakdowns.
2. Quick Recovery: If a piece of essential equipment breaks down, having equipment breakdown coverage in place ensures faster repairs, minimizing disruption to your operations.
3. Peace of Mind : Running a business can be stressful enough without worrying about whether your equipment will fail at the worst possible time. With the right coverage, you can focus on growing your business with the confidence that you're protected.

1. Value of Your Equipment: Calculate the cost to repair or replace your machinery and equipment.
2. Types of Equipment: Identify which equipment is critical to your operations and would cause the most disruption if it broke down.
3. Business Interruption Potential: Consider the financial impact of downtime due to equipment failure and whether business interruption coverage is needed.
4. Policy Terms and Limits: Review the terms, limits , and exclusions of the policy to ensure it meets your specific needs.