Protection for building and business owners against losses related to a sudden or accidental mechanical or electrical breakdown of critical equipment or technology.
When essential business equipment or technology breaks down, it can lead to costly repairs or even require a complete replacement of the failed system. The Andover Companies Equipment Breakdown Coverage Endorsement may help you recover from the financial impact of this surprisingly common occurrence.
Whether a device breaks down or gets damaged, you want to do everything you can to minimize your out-of-pocket costs and reduce the interruption to your business operations or to the lives of your building tenants. The Andover Companies Equipment Breakdown Coverage is designed to help minimize the financial burden of a sudden or accidental mechanical or electrical breakdown of a variety of critical equipment and technology.
The standard Businessowners Policy (BOP) typically will not provide coverage if business equipment or technology breaks down because of a mechanical or electrical failure. However, if you add Equipment Breakdown Coverage to your BOP, you may be covered for losses due to the following:
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