Skip to main content

Equipment Breakdown Insurance

Learn more about this coverage.

GET A QUOTE START AN APPLICATION

Keeping businesses up and running

This product is an extension to our main Builders Risk insurance product.

It protects businesses against any physical loss or damage to electrical and mechanical equipment caused by an on-site work accident.

That way, companies have the financial support they need to bounce back from an equipment breakdown loss.

GET A QUOTE START AN APPLICATION

Equipment Breakdown Insurance is available for most building projects.

However, our coverage is more limited for the following project types:

  • Manufacturing/processing plants
  • Sewage and water treatment plants
  • Cold storage warehouses
  • Power generating plants
  • Electric substations

To see if your business would qualify, please submit an application form and provide additional information as requested by the underwriter.

GET A QUOTE START AN APPLICATION

  • Policy form – coverage is provided through an endorsement which attaches to the Victor Builders Risk policy
  • Policy period – identical to the Builders Risk policy
  • Capacity – same full limit of insurance as for the Builders Risk policy
  • Territory – projects in Canada only

  • “Object” defined: The endorsement contains a complete definition of what electrical and mechanical equipment is insured
  • “Accident” defined: The endorsement also contains a definition of what accident will trigger the policy
  • Optional coverages for soft costs and delayed opening are available, but only if these same coverages, with the same limits, have also been purchased on the Builders Risk policy to which the Equipment Breakdown Insurance endorsement attaches

For the majority of projects, there are no extra submission requirements; only the information necessary to underwrite the Builders Risk policy is required.

However, a supplementary questionnaire is required for the following types of projects:

  • Manufacturing/processing plants
  • Sewage and water treatment plants
  • Cold storage warehouses
  • Power-generating plants
  • Electric substations
  • Other risks with processing equipment

Please download the questionnaire here:

Equipment Breakdown Insurance (for Builders Risk insurance) – Supplementary Questionnaire

Once completed, please send it to submitapps.ca@victorinsurance.com

How do you make a business more inflation-proof? In what scenarios can our Builders Risk Insurance prevent devastating losses? What are the key benefits of our products?

Get all these questions answered with our concise construction sales tools. 

VIEW CONSTRUCTION SALES TOOLS

Get in touch

Want to learn more? Contact our team to get more information.

EMAIL

Claims

All you need to know when reporting a claim.

LEARN MORE

Find an underwriter

Whether you want to learn more about a coverage, get a quote, bind and issue a policy or more, simply search by following the link below.

FIND AN UNDERWRITER

Claims examples

When do our coverages come in handy? We’ve put together some detailed scenarios to show why having coverage in place is so important.

ACCESS OUR CLAIMS EXAMPLES

Search for other resources

Search for highlight sheets and more on our resources page.

SEARCH FOR OTHER RESOURCES

Browse our products

Our products and programs are all listed below.

Architects & Engineers Professional Liability

Safeguards a wide range of architectural and engineering firms against risk. From small, single practitioner operations to multinational, multidisciplinary firms with tens of millions of dollars in billed fees.

LEARN MORE

CGL Insurance

Commercial General Liability (CGL) insurance provides protection against a range of potential claims that may result from bodily injury, property damage, personal injury or advertising injury.

LEARN MORE

Commercial Property Insurance

Commercial Property insurance protects a business’ most valuable physical assets – such as buildings, equipment and computers – against loss or damage from a range of causes, including theft, fire or vandalism.

LEARN MORE

Commercial Umbrella Liability

Commercial Umbrella Liability coverage provides effective protection against large losses and potential coverage gaps for a range of exposures.

LEARN MORE

Construction Insurance

The number of risks builders face in their daily work is vast. That's why we offer various construction insurance policies (like Builders Risk, Wrap-Up Liability and CGL for Contractors) to protect both the construction project and the team involved.

LEARN MORE

Crime Insurance

Crime insurance provides valuable protection against workplace fraud and theft.

LEARN MORE

Cyber Insurance

Cyber risk is a threat to companies of all sizes. Make sure your business is future-proofed with our cutting-edge coverage.

LEARN MORE

Directors & Officers Liability

We offer a comprehensive range of D&O products – with a number of unique coverage advantages, including first dollar defence and a duty to defend.

LEARN MORE

Employment Practices Liability

From wrongful dismissal to discrimination, this coverage protects employers from wrongful acts claims made against them by their employees.

LEARN MORE

Environmental & Pollution Liability

Safeguard your client's business and provide protection for allegations of pollution liability, CGL exposures, errors, omissions or negligent acts, whether or not they have merit.

LEARN MORE

Errors & Omissions

We have more than 40 years of experience in offering E&O insurance to associations and affinity groups, as well as individuals in a diverse range of professions – from ambulance operators to zoologists and everything in between.

LEARN MORE

Fiduciary Liability

Fiduciary Liability insurance provides coverage for the fiduciaries, directors and the corporate entity against potential liabilities, which may arise from the mismanagement of an employee benefit plan.

LEARN MORE

Technology Insurance

Designed to address the specific exposures of professionals in this industry, from hardware manufacturers to professionals in multimedia companies or small IT firms. It also protects against the threat of intellectual property disputes, such as copyright or trademark infringement.

LEARN MORE