Equipment breakdown insurance
Equipment Breakdown coverage — also called machinery breakdown — protects your mechanical, electrical, and electronic equipment against sudden, accidental damage. Since that equipment is often essential to your operations, a breakdown can quickly mean significant costs and downtime.
At Univesta, you get the expertise of a seasoned team backed by ongoing training — so we understand your risks and can offer coverage built to keep your business running.
Protect your machinery and your operations
Equipment Breakdown insurance covers sudden, accidental damage to your mechanical, electrical, or electronic equipment. It pays toward repairing or replacing the equipment, along with certain financial losses that follow.
It does exclude normal wear and gradual deterioration. It works alongside your property insurance, covering situations like an internal breakdown or a failure with no visible external cause.
FAQ
Have questions about your coverage? Find quick answers to the ones we hear most often.
If your situation needs a closer look, or your question isn’t here, our team is happy to help. Reach out for answers tailored to you: 1 833 789-9203.
Property insurance mainly covers damage from external events, like fire or water damage. Equipment Breakdown, on the other hand, can cover internal failures or mechanical breakdowns with no external cause.
Yes — especially if your equipment is costly or essential to your operations. A breakdown can shut down production and cost you serious revenue. This coverage helps limit the financial hit and get you running again faster.
Yes — if it causes an internal breakdown in your equipment, such as a damaged circuit board.
Why work with a business insurance broker
An independent broker works for you, not for an insurer — comparing offers, advising you, and standing up for your interests at every step.
Access to multiple insurers
Your broker shops the market for you across a range of insurers and brings you the best options. The result: coverage that genuinely fits the way you do business.
Advice built around you
No off-the-shelf solutions here. Our experts look at your situation, the risks in your sector, and what you actually need, then recommend coverage that’s right-sized — neither too much nor too little.
An ally at claims time
When something happens, your broker is on your team — guiding you through the claim, defending your interests with the insurer, and making sure your business gets everything it’s entitled to.
What matters to you matters to us.
We take the time to really understand your situation, so we can protect you better.