Modern homes and businesses depend on complex systems—HVAC units, electrical panels, production equipment, refrigeration, servers, and more. When this equipment fails unexpectedly, the financial impact can be severe. Repairs, spoiled inventory, lost income, and operational disruptions can quickly add up.
That’s why Equipment Breakdown Insurance (formerly known as boiler and machinery insurance) is an essential layer of protection for both homeowners and business owners in Canada.
Equipment Breakdown Insurance covers the sudden and accidental physical damage to equipment that requires repair or replacement. Unlike standard property policies—which typically exclude mechanical and electrical failure—this coverage fills the gaps by protecting the systems you rely on every day.
Protection for motors, pumps, compressors, and moving components damaged by wear, stress, or defects.
Coverage for power surges, arcing, and electrical failure affecting panels, wiring, and sensitive electronics.
Includes boilers, hot water tanks, and pressure vessels, covering explosions, ruptures, or implosions.
Servers, phone systems, POS systems, and network hardware used to support daily operations.
Breakdowns in furnaces, air conditioners, heat pumps, and ventilation systems.
For manufacturers: presses, conveyor belts, refrigeration units, ovens, and more.
Covers rush repairs and temporary replacements to reduce downtime.
Compensates for lost income and extra expenses when equipment failure halts operations.
Coverage for spoiled food or perishables caused by equipment failure.
A compressor failure ruins $10,000 in inventory. Equipment breakdown insurance covers repairs and replacement stock.
An electrical surge destroys the main panel, shutting down operations. Coverage includes repairs and rental income loss.
A boiler explosion causes structural damage and halts production. The policy covers replacement, repairs, and business interruption.
A furnace motor seizes during winter. Coverage includes emergency repairs and temporary heating.
Broader Protection beyond standard property policies
Financial Security for unexpected, costly repairs
Business Continuity during equipment-related shutdowns
Protection for Homeowners with advanced home systems
Customizable Coverage for specialized equipment or industries
This coverage is valuable for:
Restaurants & food service
Retail stores & shopping centres
Medical & dental offices
Manufacturers and processing facilities
Homeowners with advanced HVAC or smart home systems
Property managers and landlords
Identify all critical equipment, including computers and security systems.
Review coverage limits, deductibles, and exclusions with your broker.
Consider bundling with property insurance for added savings.
Keep up with routine maintenance—insurers may require proof.
Personalized risk assessments ensure your coverage fits your equipment needs.
1-minute response times—no call centres, just real Canadian brokers.
Serving families and businesses nationwide with local expertise.
Bundle equipment breakdown with property, liability, cyber, and specialty coverages for complete protection.
Don’t let unexpected equipment failure disrupt your business or home life. Contact AIM Insurance for a free consultation and customized quote.
📞 877-AIM-4TMW
🌐 theaim.c
