Even with expert installation and regular maintenance, equipment breaks down. And when mechanical or electrical failures occur, you need to know that your manufacturing plant operations are safe and you can continue to keep servicing your valued clients.
Basic property polices may cover only damage caused by external sources such as fire, wind and rain. Without the right insurance, this can take a toll on your budget in the form of costly repairs, lost productivity and interruption to your supply chain. That's why CNA offers Equipment Breakdown coverage, which delivers insurance for the breakdown of covered equipment that runs your physical plant or office building, which is often excluded from standard commercial property insurance.
Equipment Breakdown insurance can be provided as a stand-alone policy or included within our package policy, CNA Paramount®. Our unique policy covers loss of or damage to covered equipment caused by equipment breakdown; loss of or damage to your perishable personable property due to spoilage as a direct result of equipment breakdown; loss of income you sustain due to the suspension or delay of your operations; and more.
CNA writes coverage for more than 90 percent of all manufacturing SIC codes. As an insurance industry leader in advancing safety, we are the only insurance carrier with professionals awarded the Recognized Risk Engineers (RRE) designation by UL. With an A financial rating by the major rating organizations, global capabilities, vendor alliances, and relationships with the nation's leading trade associations, we are focused on the needs of today's manufacturers. In the event of a claim, our skilled professionals are dedicated to working with you.