From your heating and air conditioning to your computers, telephones, and sound systems, you rely on equipment every day to accomplish the work of your ministry. Can you afford the costs of repair or replacement?
Typical property policies specifically exclude most equipment breakdown accidents, including:
These kinds of losses can result in costly equipment repairs, interruption of operations, and spoilage losses.
Equipment Breakdown Coverage pays the cost of repair or replacement to equipment such as:
And, if your ministry operates a day care or school, Equipment Breakdown Coverage provides insurance against the loss of tuition or the extra expense needed to continue normal operations.
The answers to the following questions can help you evaluate your need for Equipment Breakdown Coverage:
What type of breakdowns are covered? Equipment Breakdown Coverage provides protection for the unique hazards equipment is subject to, such as: short circuits, electrical arcing, motor burnout, and mechanical breakdown.
Don't I already have enough insurance? Your property insurance covers many standard perils, such as fire, but it isn't designed to pay for equipment failure. Equipment Breakdown Coverage is specially designed to pay for damage caused by accidental equipment breakdowns.
Why do I need additional insurance? If equipment breaks, is it that expensive to fix? Although the part that breaks may not be expensive to repair, machinery and equipment are generally part of an integrated system. When it breaks down, a small flaw can quickly lead to another problem, then another, until the whole system collapses.
Isn't this coverage just for boilers? Equipment Breakdown Coverage protects electrical systems, air conditioning and refrigeration, mechanical equipment, and modern office equipment, in addition to boilers.
Doesn't my maintenance contract pay for repair to equipment? Maintenance contracts cover routine care, but they don't pay for damage due to operator error, the cause of over 35 percent of equipment breakdowns. Maintenance contracts don't pay for business income losses or spoilage resulting from the breakdown. In addition, if you have equipment that requires state-mandated inspection, your Equipment Breakdown Coverage provides that service.
Thank you for your interest in Brotherhood Mutual. We appreciate the opportunity to provide your church or other ministry with an insurance quote and will reply to your request as soon as possible.
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