Mechanical Breakdown
At Cusack Insurance Agency, serving Oak Lawn, IL, we want you to understand the many options you have to protect your commercial endeavors. Your business needs a variety of types of insurance. You can start with a business owner’s policy, but one type of insurance you need to add to it is a mechanical breakdown policy. Also called a boiler policy, this coverage provides you with the peace of mind that comes with knowing that your equipment repairs don’t need to go out of your pocket.
Many Illinois businesses rely on boilers to run their heat and provide power for equipment. Initially, mechanical breakdown insurance provided coverage of this, but as manufacturing and industrialization expanded, so did its coverage. This insurance policy type protects your manufacturing or commercial equipment, whether that refers to a commercial presser for ironing linens or an embosser.
Regardless of the type of breakdown, the insurance covers the repair or replacement of the equipment. A named-peril could damage the roof, causing damage to the mechanical equipment, and this policy pays out. Perhaps an employee accidentally drops something in the gears and breaks a machine. That’s covered. The machine breaks due to age, although you conducted regular maintenance. Your mechanical breakdown insurance pays for the repairs or replacement.
Some mechanical breakdown policies also cover the business interruption caused by the mechanical breakdown. This means that while you lack functioning equipment, you don’t lose money.
Contact Cusack Insurance Agency, serving Oak Lawn, IL, for all your Illinois business needs. Let us help you design the commercial coverage you need. We can help you customize your mechanical breakdown policy to cover all your equipment and ensure your business can continue to run in the wake of any named peril or business interruption.
