Boiler and Machinery Insurance
Boiler and Machinery Coverage can be used to cover Damage to Property resulting from these Perils, as well as the resulting Business Income Losses. If for example, a store lost business income because its air conditioner system suffered a mechanical breakdown during the hottest week of summer, a properly arranged Boiler and Machinery Policy would cover both the physical damage and the resulting loss of business Income.
In General, Boiler and Machinery Insurance is a type of Insurance that fills a gap in Commercial Property Policies.
Steam Boiler Explosion, Electrical Injury (other than lightening) and mechanical breakdown are causes of loss that are typically excluded from Commercial Property Policies.