every business, institution and public entity depends
on equipment to keep operations going and income flowing.
Today, equipment breakdown is more common and a greater
risk. Most equipment now contains sensitive and fragile
technology that is easily damaged. More equipment is
mission critical so breakdowns bring operations - and
income - to a halt. And increased system complexity
and interdependency mean a breakdown elsewhere can impact
for your Heating, Air Conditioning and Electrical systems
within your premises. Your Landlord may require you
to insure the HVAC system within your unit. Coverage
is also provided for Chillers, food freezers, walk-in
a fire occurs caused by the arching or overload of the
electrical panel, the damage caused by the fire is covered
by your property insurance policy, but the damage caused
to the electrical panel is not covered unless you have
purchased this additional coverage.
Pressures vessels, Hot water tanks, Air tanks, Refrigeration
and Air Conditioning.
following clauses appear in all commercial property
Explosion (except explosion of natural, coal or manufactured
gas), collapse, rupture, bursting, cracking, burning
or bulging of the following property owned, operated
or controlled by insured.
Portions containing steam or water under steam pressure,
boilers including other vessels and pipes under pressure
exceeding 103 Kilopascals (15 lbs.) per square inch.
exclusion does not apply to manually operated portable
gas cylinders or tanks with an internal diameter of
610 millimetres (24 Inches) or less, used for heating
and storage of hot water for domestic use.
exclusion makes it necessary to carry a specific insurance
policy to cover these hazards. If you have any of the
following equipment you need this separate coverage.
pressure vessels and hot water tanks
boiler is a vessel in which water or other liquids is
heated or converted into steam or vapour under pressure
by the application heat by electricity, flame or hot
There are 3 basic types:
of steam (or storage).
tanks ( also know as air receivers ) are used for the
storage of air which has been compressed.
and air conditioning systems
refrigeration system consists of compressor , electric
motor, coils vessels and interconnecting piping containing
refrigerant under pressure and is used for cooling for
comfort or process. There are two classes, compression
AND ASSOCIATES ARE WILLING AND ABLE TO DISCUS IN DETAIL
THIS VERY IMPORTANT EXTENSION TO YOUR INSURANCE PROTECTION.
some losses that have occurred and that coverage has
been provided, please click on the attached link: http://www.biico.com/english/resources/loss_bulletins.html