For more information contact your Panhandle Farmers Mutual Insurance Company representative. Panhandle Farmers Mutual Insurance Company is pleased to offer you this new protection to round out your commercial insurance package – it’s just one more way we’re looking out for you. If you have equipment that requires an inspection, please contact: This jurisdictional inspection service is a built-in benefit to all our policyholders with this inspection obligation. Providing this service helps our policyholders comply with the law. Almost all states require that these objects be periodically inspected by qualified professionals. We also will provide jurisdictional inspection service for insureds with boiler and pressure vessels. Jurisdictional Inspections – A Built-In Benefit. Service Interruption, Hazardous Substances coverage…and more!.Spoilage coverage for loss of perishable goods spoiled due to a covered equipment breakdown.Expediting Expenses coverage that pays for the additional cost of temporary repairs or to expedite permanent repairs or replacement in order to reduce the loss.Extra Expense for the additional costs incurred after a covered loss to maintain normal operations.Business Income insurance for interruptions caused by equipment breakdown.
Electronic cash registers and retail inventory control systems.Heating boilers and hot water heating pressure vessels.Ovens, stoves and other cooking equipment.Air conditioning and refrigeration systems.Telecommunications and voicemail systems.Computers and other electronic equipment.Electrical systems including transformers, panels and wiring / cabling.That’s because it covers more types of equipment vital to your clients, including a wide range of “mission critical” equipment, such as: Our coverage is much more than what used to be called “boiler and machinery” coverage. To respond to these risks we designed our Equipment Breakdown coverage to meet the needs of the business we underwrite most frequently for you apartment buildings, churches, restaurants, tenants, office buildings and other commercial accounts. The root causes of breakdowns are many but can include uncommon events such as: Equipment breakdown losses often total many thousands, sometimes tens of thousands of dollars or even beyond. It is an exposure that no insured should be without due to the risks being too great. Boiler explosion, cracking or collapse.Įquipment Breakdown is Common and Often Severe.Įquipment breakdown occurs more frequently and is consequently more severe than what many people realize.We developed our product to pay for damage caused by technical risks normally excluded in standard property forms, such as: Most equipment today include microprocessors, sensitive circuitry and other fragile components and the risk of breakdown are greater than just a few years ago. Equipment requires special insurance because the risks that can cause damage are unique. Whether it’s for heating, air conditioning, refrigeration, electricity, hot water, security, customer service or other business operations, equipment is essential to a business, its operations and income. Equipment Breakdown coverage protects the heart of a business the equipment, electronics, machinery and systems that businesses rely on every day. We believe this to be a very significant coverage enhancement. Including Equipment Breakdown coverage enhances the value of our policies, keeps our product competitive and responds to your growing need for insurance from technical risks.Įquipment Has Changed. Included with your business commercial insurance policy is Equipment Breakdown coverage. Panhandle Farmers Mutual Insurance Company continually seeks to enhance the products and services that we provide to our agents and policyholders. Equipment Breakdown Coverage Protects the Heart of a Business
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