Equipment & Boiler

Equipment & Boiler

Equipment & Boiler Breakdown Insurance Expertise

At Tower Street Insurance, we specialize in providing top-level service and equipment and boiler breakdown coverage to our clients across multiple industries. Equipment breakdown insurance pays for financial loss suffered when equipment breaks down due to an accident. It is typically coupled with property insurance and is similar in many ways. However, this product covers the unique risks and exposures of loss to equipment and technology. Equipment breakdown insurance responds to equipment accidents caused by power surges, short circuits, centrifugal force, boiler overheating or cracking, and mechanical breakdown.
We represent the best equipment and boiler breakdown insurance carriers in the industry, and we work with you to find the most competitive and broadest protection possible for your company. We accomplish this by doing a full gap analysis of your current insurance, risk management, and loss prevention program. We review every endorsement on your current policies, the contracts you have in place, and the unique exposures presented by your operations. No matter what you’re passionate about, we’re here to protect your passion. And we’re passionate about protecting your business and your family.

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Equipment & Boiler

Examples of Customers We Have Partnered With:

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Oil and gas operators and service contractors

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Renewable energy IPPs and service contractors

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Commercial general contractors

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Real estate owners and developers, REITs, and retail

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Commercial trade contractors

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Chemical manufacturers and distributors

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Healthcare

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Electronic goods manufacturers and distributors

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Hospitality businesses

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Manufacturing organizations across multiple industries

Mechanical Worker With Clipboard Inspecting Large Pipe Structure

Scaffolding Surrounding Large HVAC Structure In A Warehouse

Unique Equipment & Boiler Breakdown Considerations for Your DFW Business

Has your current agent discussed the following issues with you?

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Breakdown exposures to heating and air conditioning equipment

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Business interruption and spoilage caused by refrigeration breakdown

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Property damage caused by short circuits in circuit panels, cables, and wires

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Power surge, brownout or electronic erasure caused breakdowns to computer equipment

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Mechanical breakdown of sensitive or critical equipment

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Property damage and business interruption caused by steam boiler explosion

Equipment & Boiler

Policy Inclusions

With some of our partner carriers, such as CNA, Hartford, Travelers, Sompo International, Chubb, and Hanover, you may be eligible for the following comprehensive coverage and significant capacity across all environmental and pollution coverage forms offered in the environmental insurance market:

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Capacity – up to $500M, can be increased depending on risk

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Self-insured retentions

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Deductible structures custom tailored to your needs

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Replacement cost property damage caused by equipment breakdown

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Business income and restoration coverage including contingent business income

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Off-premises property damage

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Expediting and extra expenses after a covered loss to restore normal operations

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Service interruption to equipment owned by a supplier including gas or electrical power providers, communications, heating/air conditioning, refrigeration, compressed air, water, or steam

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Increased costs due to ordinance or law to comply with building laws and codes

Mechanical Worker Working on Large Red Pipe

The,Interior,Of,An,Industrial,Boiler,Room,With,Three,Large

Equipment & Boiler

Contact Our Equipment & Boiler Breakdown Insurance Team

Tower Street Insurance specializes in equipment and boiler breakdown insurance coverage for customers in Dallas, Austin, San Antonio, Houston, Southlake, and other cities that we serve throughout Texas. We also offer insurance coverage for directors & officers, workers’ compensation, cyber liability, commercial risk management service, and client advocacy. When you need our help, give Tower Street Insurance a call at 469-788-8888 or click here to make an appointment today.