When you choose BMI to cover your business, we want your workplace environment to thrive and for you to continue being successful—even in the midst of hardship. This is exactly why we offer Equipment Breakdown coverage, which kicks in when you’re in need of repairs or replacements for malfunctioning equipment. Talk about a weight off of your shoulders! If your equipment is involved in an accident due to mechanical or electrical breakdown, this coverage will help pay for the damages resulted from that direct physical loss. This means that you’ll no longer have to worry about the cost of replacing each individual piece of equipment that makes your business run smoothly, should the unexpected occur.
Computer Coverage
If your business experiences an accident that causes a direct physical loss or damage to your electronic computer hardware and software, Equipment Breakdown has you covered.
Expedited Coverage
A lot of appliances exist to make life a little bit easier, but we understand that several of them are a required part of your livelihood. That is why our Equipment Breakdown coverage will expedite permanent repairs or replacements to your equipment and even pay the extra cost to make temporary repairs in the meantime. Reducing the time it takes to return your life and business productivity back to normal is what we are all about.
Pollutants
Equipment Breakdown covers additional costs to repair or replace covered property because of contamination by pollutants. This even includes the additional expenses necessary to clean up or dispose of contaminated property.
Spoilage Coverage
Several businesses rely on refrigerated items to turn a profit, and when those units go out, the loss of income just isn’t feasible. Equipment Breakdown will help pay for loss to your perishable stock due to spoilage. In addition, if your perishable stock is lost due to contamination from the release of refrigerant, that will be covered, too. It even helps cover necessary expenses you incur to reduce the amount of loss under this coverage.
CFC Refrigerant
Equipment Breakdown covers the additional cost of repairing or replacing equipment that is damaged due to the use or presence of a refrigerant containing CFC substances. We understand that CFC involvement can dramatically increase the cost of repairing equipment, which is why this coverage is increased in these more costly circumstances.
Loss of Income & Service Interruption
Equipment Breakdown provides coverage during the restoration period when your normal business activities are interrupted. It is also extended to help pay for your loss of earnings and the necessary extra expense you incur during the period when your normal business operations are interrupted.
Coverage is provided by BMI Company, Inc., Billings, Missouri. BMI is only licensed to sell insurance in Missouri. Terms, conditions and exclusions will apply. These brief descriptions of coverage are for you to see what BMI offers. They are not a statement of contract. Please refer to your policy for a full description of your coverages. Please contact your local BMI agent for more information.
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