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Business Equipment Breakdown Coverage

Energy, Property & Construction
AXA XL Insurance's equipment breakdown underwriters think like plant managers. We work with our clients to help ensure that their equipment is reliable and that effective contingency plans are in place.

Product details


  • Up to USD 550 million
  • Coverage available on a primary or excess basis


  • Expanded definition of covered property includes accounts receivable and transportable off site equipment
  • Broadened contingent business income coverage premises include attraction properties as well as suppliers/customers
  • Utility interruption services expanded to include internet access, wide area networks and data transmission
  • Claims preparation costs related to professionals hired in the certification of your claim are covered
  • Broadened perishable goods coverage including control of damaged property
  • System installation coverage for newly installed equipment or equipment in the course of construction

Improved Conditions

  • Repair or replacement valuation includes additional costs associated with environmental, efficiency or safety enhancements—up to 150%
  • Restoration period begins at the time the breakdown occurred; no penalties for late reporting
  • Property damage deductible waiver option available

Elimination of Restrictions

  • No restrictions for covered equipment that suffers a breakdown while undergoing a pressure or electrical test
  • No utility interruption waiting period applied to perishable goods losses
  • No exclusion for excavation of piping, vessels and cable enclosed in conduit

Client Profiles

Any occupancy, including, but not limited to the following:

  • Paper
  • Food manufacturing
  • Cold storage warehouses
  • Dairies
  • Cement
  • Steel
  • Forging
  • Sugar
  • Sawmills
  • Chemicals
  • Printers
  • Hotels
  • Real estate

Typical Information Required

  • Policy terms/coverages required
  • Schedule of values
  • Description of operations
  • Five-year loss history
  • Location engineering information and surveys

Benefits & Services

  • Loss-control services provided through B&PC and AXA XL Risk Consulting
  • Jurisdictional inspections
  • Risk assessments
  • Additional loss control services, including transformer oil and gas analysis, lubricating oil analysis and infrared

Minimum Premium

USD 2,500

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

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