Equipment Breakdown Insurance
Critical coverage for pressure, mechanical, and electrical equipment
As one of the largest and most experienced providers of Equipment Breakdown Insurance, Zurich delivers capacity and coverage that pick up where traditional property insurance leaves off. Backed by a specialized team of risk engineers, Zurich has both the experience and knowledge to handle equipment breakdown exposures spanning industries, occupancies, and types of machinery.
From boilers and pressure vessels to production machinery, electrical apparatus, computers, office equipment, and more, breakdowns can cause serious business interruptions, which in turn can mean lost production, lost income and the potential for damaged customer relationships. Zurich can provide flexible, tailored solutions, regardless of a customer’s current property insurance carrier or program, not only to provide insurance coverage to businesses in the event of a breakdown-related financial loss, but also to help identify exposures and reduce losses in the long run.
Industry-leading capacity, flexibility, and service
Zurich Equipment Breakdown Insurance offers:
Capacity among the highest currently available in the Equipment Breakdown insurance marketplace
Flexible programs with tailored solutions – Can be included as part of a Zurich Property program or sold on a monoline basis integrated with property written by another carrier
Competitive support provided on a primary or excess basis for layered or quota-share risks, as well as facultative support for other property markets
Broad coverage for everything from boilers and critical production machinery to HVAC, miscellaneous electrical apparatus, and more
Seasoned Equipment Breakdown underwriting teams with local decision-making authority, dedicated to providing effective communication and ongoing relationship management to provide access to services and resources
A global network of more than 800 risk engineers, including many with direct, prior experience in the industries they now serve:
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Nationwide team of National Board Commissioned boiler and pressure vessel inspectors strategically positioned throughout the U.S. to respond quickly to our customer needs
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Industry-leading timeliness in performing required jurisdictional inspections
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Specialized services including infrared testing, transformer oil analysis, combustion safety control testing, boiler safety management training and more
A global team of more than 8,000 claims professionals, including specialists in the handling of Equipment Breakdown claims
Zurich also provides Equipment Breakdown Reinsurance solutions for regional and mutual insurance carriers. Learn more.
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Risk engineering services in the United States are provided by Zurich Services Corporation.