RSA Insurance - Equipment Breakdown Insurance
Equipment Breakdown Insurance
Every small and medium enterprise is in danger of having its work interrupted due to breakdown of critical operational equipment.
RSA’s Equipment Breakdown (Standalone) package provides enhanced protection for loss of income to get your client’s business operating again as quickly as possible.
Target classes
The Equipment Breakdown (Standalone) package is suitable for small and medium enterprises that do not need insurance for property or liability exposures. It is specifically designed for the following trades:
Automobile
Business and professional services
Contracting
Hospitality
Manufacturing
Realty
Retail
Wholesale
Eligibility
To be eligible, the following criteria must be met:
- The business’s operations are located in Canada
- The business has up to 20 locations
- The building and/or equipment at any one location is valued at up to $15 million
Package highlights
This package includes coverage for a number of situations and losses, including:
Coverage
Limit
Limit of Liability: Property Damage/Business Interruption/Extra Expense/Service Interruption
$20,000,000 per accident
Spoilage Damage
$25,000 (minimum $1,000 deductible)
Expediting Expenses
Included
Professional Fees
Included
Contingent Business Interruptions/Extra Expense
$100,000
Ammonia Contamination
$100,000
Hazardous Substances
$100,000
Mould
$50,000
Errors & Omissions
$100,000
Data & Media Coverage
$25,000
Water Damage
$100,000
This package also covers additional risks common to small- and medium-sized operations in each target class.
Contact Monarch Insurance Brokers for more information.