Boiler Machinery

At InSource Insurance we will help you find the best option for your business by searching many diverse insurance policies that fit within your budget and needs.

Boiler and machinery insurance, sometimes referred to as equipment breakdown insurance, is the coverage for financial or physical loss that occurs when equipment that is essential to your business, breaks down suddenly. If your organization depends on equipment or machinery to generate revenue, boiler machinery insurance is imperative to the continuity of your business.

What does Boiler and Machinery Insurance cover?

Understanding how insurance works is our job. We help you decide which important t ypes of insurance will best protect your business against loss or damage. When you receive a boiler machinery insurance quote, there are many different coverage points to evaluate;

  • Electrical systems
  • Air conditioning units
  • Refrigeration systems
  • Mechanical equipment
  • Boilers and heating systems
  • Modern office equipment

In addition to the specific machinery that is effected, the insurance will also cover other property damage that’s caused by equipment breakdown.

The wide range of coverage you can receive with boiler insurance allows your business to continue running without any capital loss due to a machinery outage.

How can broken machinery impact my business?

When a piece of machinery breaks or isn’t working, it’s not just a hassle to get fixed, it also can take a bite out of your bottom line. Daily stoppage of work can cost a business thousands of dollars! While many pieces of equipment have maintenance contracts or warranties, these don’t cover money that is lost through profits. In fact, operator errors cause over 35% of equipment breakdowns, and since warranties don’t cover these, your business is at risk for a loss of profit if essential machinery breaks.

InSource Insurance will help you decide which insurance is right for you, get multiple quotes from a variety of companies within your budget, and let you determine which is the best fit. The ability to offer our clients different quotes puts the final choice in your hand. With our partnership, you’ll make the best decision for your business all within your budget.

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