Boiler and Machinery Insurance is an often overlooked insurance that can help protect your charter school from potential insurance claims.

To help provide some insight into what Boiler and Machinery Insurance is, we have compiled a list of the most common questions associated with the coverage.

What is Boiler and Machinery (Equipment Breakdown) Insurance? 

Boiler and Machinery insurance for the financial losses incurred when equipment breaks down suddenly and accidentally.   Causes of failure can include power surges, short circuits, motor burnout, and mechanical breakdown.

Why Do I Need Boiler and Machinery Coverage? 

The costs associated with your equipment breaking down can be significant enough to affect the normal operations of your school.

Who Needs It? 

Suppose your school has or owns large equipment like heating and air conditioning, communication networks, or other large equipment. In that case, you should consider Boiler and Machinery coverage.

What Does this Coverage Pay For? 

Equipment Breakdown coverage pays for the cost to repair or replace damaged equipment.  It can also cover any income or extra expenses you incur to get your school back up and running.

Our School Rents Our Building. Do I Still Need It? 

Even if you don’t own your building, you still face potential losses associated with equipment within your facility that could break down.  For example, damage to your phone systems, fax machines, computers, and air conditioning units can all cause significant financial damage.

If your charter school has any additional questions on how boiler and machinery (equipment breakdown) insurance can help, please call our office.