What is Boiler and Machinery Insurance?
Boiler and Machinery Insurance is a policy that compensates the policyholder in the event of a loss of operation of equipment such as boilers and machinery.
This type of insurance is often referred to as equipment insurance since it is put in place in case your machine malfunctions. Large companies such as hospitals, manufactures, and web-based services often have a bulky investment in their equipment and machinery. It is important to protect those assets with the correct insurance. Here, at Diversified Risk Solutions want to make sure you don’t have to spend even more money on replacing such investments. Equipment can be very temperamental and tricky, but your insurance plan doesn’t have to.
Example of What It Might Cover
Boilers, turbines, and hot water heaters
Compressors and electric motors
Electrical equipment, transformers and voltage regulators
Refrigeration equipment
Air conditioning equipment
Telephone and networks
Electronic devices: Computer system, Fax, Printer, Copier
