Below is a loss example of equipment breakdown loss.An incoming electrical surge, caused by the breakdown of a utility-owned transformer, resulted in the failure of the communications, heating and air-conditioning control systems of a metropolitan apartment building. All the control systems were replaced. The insured also lost business income due to residency reductions during the lengthy repair.
Property Damage - $120,000
Business Income - $210.000
BOTTOMLINE we work hard to help our clients be better prepared for the future and avoid business interruptions. No matter what industry you are in Equipment Breakdown Coverage is worth the investment.
Contact a Kapnick Client Executive to learn how NOT to become a Loss Lesson learned the hard way!