Florida Equipment Breakdown Insurance

If you have business clients, think about the impact on their business if their equipment fails. Their operations are immediately interrupted. How will they deliver their orders? What if customers can’t wait? Orders may be cancelled, which means they will suffer loss of revenue, and possible damage to their reputation.

A typical commercial property policy does not cover loss or damage caused by electrical arcing, mechanical breakdown, or the explosion of boilers and pressure vessels. So how can you, as an insurance producer, protect your business clients?

Equipment breakdown insurance, which covers the sudden and accidental, physical damage to equipment that requires its repair or replacement, is the solution. You’ll learn the essentials of the ISO equipment breakdown coverage form, as well as policy coverages and exclusions. Develop the skill you need to get started selling equipment breakdown coverage.

• History of boiler and machinery insurance
• Benefits of equipment breakdown insurance
• The ISO equipment breakdown coverage form
• Property covered and exclusions
• Deductibles and loss conditions
• General conditions
• Markets and marketing

Online study makes meeting your state’s continuing insurance education requirements easy and convenient. Study on your own time without the need to conform to a regular class schedule. Get your test results immediately after completion—no waiting. And expand your insurance expertise—without taking a break from your busy schedule. Order this course today and learn how you can help businesses protect their assets with the right insurance coverage.