Commercial property owners are particularly vulnerable when they operate electrical, mechanical or steam equipment. Not only is such equipment hazardous and costly to repair, but it’s also typically not covered by standard property insurance. When confronted with unique hazards such as power surges, mechanical breakdowns or boiler overheating, businesses need coverage designed precisely for losses that equipment breakdown can cause.
Equipment breakdown coverage, conveniently bundled with our all risk property policy, can provide the extra coverage clients need to protect their property and equipment completely. Together with AIG’s best-in-class loss prevention services and dedicated claims staff, property owners can rest assured that if their equipment short circuits, their whole business does not have to shut down.
Features & Benefits