No business can afford an unexpected loss from the breakdown of the mechanical and electrical equipment it relies on daily. However, the majority of property policies exclude losses that arise from electrical, mechanical and pressure systems breakdown—the types of loss that could put a company out of business. At Mutual Boiler Re, we have more than a century of experience helping our partner companies address those insurance gaps.
Unparalleled Risk Mitigation and Loss Prevention Expertise
Mutual Boiler Re’s user-friendly equipment breakdown coverage is designed to follow the terms and conditions of the underlying policy. Our unique approach offers one seamless and comprehensive package, which helps avoid problematic gaps in coverage and facilitates a clear loss adjustment. At Mutual Boiler Re, our goal is to grant our partner companies full binding authority for the risks they write. At the same time, we remain available to promptly handle any unusual coverage or risk challenges.
Safeguard Multiple Exposures
Mutual Boiler Re offers coverage to a wide range of occupancies such as:
Retail, service and distributors
Protect Day-to-Day Operations
Mutual Boiler Re covers essential equipment and provides applicable inspections to ensure against any breakdown disruptions. Equipment covered includes:
Air conditioning systems
Refrigeration systems and more
Mutual Boiler Re’s green equipment breakdown endorsement is available to all of our partner companies at no additional premium charge. This innovative offering allows your policyholders to replace or repair damaged covered property with greener alternatives—alternatives that are often safer, better for the environment and more energy efficient.
Commercial Equipment Breakdown
An overview of our commercial equipment breakdown offerings.