Boiler & Machinery Insurance is also known as Equipment Breakdown. This type of insurance covers the accidental breakdown of almost any machine including steam boilers and other pressure devices.
Does Boiler & Machinery Insurance only cover Equipment Breakdown?
This coverage pays for not only the damage to the machine but also may cover the expense of replacing or repairing damaged equipment or other covered property, the loss of business income, the spoilage of food and the cost to restore data that was lost due to a covered loss.
Who Needs Boiler & Machinery Coverage?
Anyone who runs a business that has mechanical or electrical equipment should consider purchasing a policy. This insurance covers all types of equipment from photocopiers and fax machines to computers and cash registers to heating and refrigerating systems.
Do Boilers Need to Inspected?
Yes, due to the potential damage that a boiler explosion could cause, most states and cities require boilers and pressure vessels to be inspected annually.
How Can IGM Help?
IGM can help find the Commercial Insurance coverage necessary to protect your business. IGM is located in the Bronx and we service clients throughout Manhattan, Bronx, Brooklyn, Queens, Staten Island, Westchester, New York State, New Jersey and Connecticut.
If you need more information about Equipment Breakdown Insurance, please contact us at 718-931-4900.
Se Habla Espanol
Latest News
- Home Inventory????January 2, 2019 - 3:32 pm
Most of us are diligent in making sure we have homeowners insurance. When was the last time you did a home inventory to make sure the items in your home were also covered? According to the Insurance Information Institute only half of us have. Here is an article that will help you! https://www.cnbc.com/2018/12/06/how-to-create-a-home-inventory.html
- Are there surprises waiting for you in your medical insurance coverage??November 29, 2017 - 3:22 pm
Have you checked the fine print of your medical insurance? Have you done an actual hypothetical run-through of your coverages? Read the article below from CNN Money about the surprises that the Las Vegas Shooting victims are facing regarding their coverages! Las Vegas shooting victims struggle to afford mounting medical costs
- What Type of Insurance Does a Small Business Need in Bronx NY?September 18, 2017 - 12:07 pm
There are many things to think about when you are opening a small business in Bronx NY area? One of the most important items that you need to obtain as a small business owner is the right type of small business insurance coverage in Bronx NY. You want to protect yourself in case of an […]