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Equipment Breakdown (EBI) / B & M

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  • INTRODUCTION
  • INSURANCE DEFINITIONS
  • INSURANCE SOURCES
  • OTHER RESOURCES
Introduction

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Traditionally called boiler and machinery insurance - covers loss resulting from the accidental breakdown of almost any type of equipment that operates under pressure or that controls, transmits, transforms, or uses mechanical or electrical power. Some common examples of such equipment are steam boilers and other pressure vessels; electrical generating and transmitting equipment; pumps, compressors, turbines, and engines; air conditioning and refrigeration systems; production machinery used in manufacturing operations; and all types of electrically powered office equipment such as copiers and computers.

  • Glossary of Boiler & Machinery Terms -  From Safetek
  • Explanation of Equipment Breakdown Insurance - From BI&I (pdf)
Insurance Definitions

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For definitions of various forms of insurance refer to Insurance Marketplace (Rough Notes)

Insurance Sources

(General - Not necessarily accessible by TCIM)

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  • BI&I
  • FM Global - Boiler & Machinery
  • Hartford Steam Boiler Ins Co
  • Lumbermen's Underwriting Alliance
  • RSA Canada
  • Trans Canada Insurance Marketing Inc.
Other Resources

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  • Boiler Breakdowns - U.K.
  • Cleaver Brooks - Information on various types of boiler.
  • International Association of Engineering Insurers - The forum for promoting understanding and best practice in the field of Engineering Insurance.   Engineering Insurance embraces a wide range of Machinery and Construction related insurances which include:
    • Boiler Explosion & Machinery Breakdown
    • Electronic Equipment and all its applications
    • Contractors All Risks (CAR) & Erection All Risks (EAR)
    • Builders' Risks, Contract Works & Contractors Plant & Equipment
    • Loss of Profits (LOP)/Business Interruption (BI)
    • Advanced Loss of Profits(ALOP)/Delay in Start Up (DSU)
    • Completed Construction Risks & Industrial All Risks
    • Decennial & Latent Defect
  • Saftek.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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