Equipment Breakdown insurance provides coverage for loss due to mechanical or electrical breakdown of nearly any type of equipment, including photocopiers and computers. Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown. Resulting business income and extra expense loss is often covered as well.
Equipment Breakdown coverage can help cover many costs including:
Costs to repair or replace the damaged equipment including time and labor required
Business income losses when a covered breakdown causes a partial or total business interruption
Other expenses incurred to limit loss or speed restoration