(boiler & machinery)
Originally termed Boiler and Machinery Insurance, this field is constantly evolving due to the development of technologies which have made businesses more productive, streamlined and efficient. The current designation of Equipment Breakdown Insurance encompasses a wide variety of machinery and systems failure. Standard policies cover equipment that fits into boiler or pressure vessels, energy transmitting or utilizing equipment (electrical or mechanical), energy supply equipment, or production machinery. The coverage can vary from property damage, to time element loss to contingent business income.