To protect your business from the financial consequences of equipment breakdown, you can consider purchasing equipment breakdown insurance, also known as boiler and machinery insurance. This coverage is designed to provide coverage for the repair, replacement, or loss of business income resulting from the breakdown of covered equipment. Here are some common types of coverage included in equipment breakdown insurance:

1. Equipment Repair or Replacement: This coverage helps cover the costs associated with repairing or replacing damaged equipment due to a covered breakdown. It typically includes machinery, electrical systems, heating and cooling systems, refrigeration units, and other specified equipment.
2. Business Interruption: Equipment breakdowns can result in significant downtime and loss of revenue. Business interruption coverage helps compensate for lost income, ongoing expenses, and additional costs incurred due to the interruption of business operations caused by equipment breakdown.
3. Extra Expense Coverage: This coverage helps cover the extra costs your business may incur to mitigate the impact of equipment breakdown. It can include expenses related to temporary equipment rentals, expedited repairs, overtime labor, and additional transportation costs.
4. Spoilage Coverage: If your business involves perishable goods or items requiring specific temperature control, spoilage coverage can help reimburse you for losses resulting from spoilage or damage caused by equipment breakdowns in refrigeration or cooling systems.
5. Data Restoration: If your equipment breakdown leads to the loss or corruption of electronic data, this coverage can help cover the costs associated with restoring or recovering the data.
6. Contingent Business Interruption: This coverage extends your protection beyond your own equipment breakdown. It covers losses incurred due to the breakdown of equipment owned by suppliers, customers, or other business partners that directly impact your business operations.
7. Service Line Coverage: Service lines, such as electrical, water, or communication lines, can be susceptible to damage or failure, resulting in equipment breakdown. Service line coverage helps cover the costs associated with the repair or replacement of these lines and any subsequent damage to covered equipment.