Equipment Breakdown
Coverage Endorsements

An equipment breakdown coverage endorsement is an optional addition to a business or property insurance policy that covers the repair or replacement of high-value, fixed assets like heating/cooling systems, plumbing, electrical and security components, as well as significant items like communications, process and computer systems. This type of coverage usually covers the cost of repairing or replacing the damaged equipment, as well as any additional costs associated with the incident, such as the cost of renting temporary equipment or covering lost business income due to the interruption in operations. Equipment breakdown coverage may be subject to a deductible and typically does not cover wear and tear due to age.