Typical commercial property policies exclude these perils

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Brokers, are you aware that typical commercial property policies exclude the following perils? Fill the gaps and reduce E&O with equipment breakdown insurance. More information at www.biico.com

Brokers, are you aware that typical commercial property policies exclude the following perils? Fill the gaps and reduce E&O with equipment breakdown insurance. More information at www.biico.com

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  • 1. The Boiler Inspection and InsuranceCompany of Canada Typical commercial property policies exclude the following perils:Loss or Damage caused by:  Mechanical Breakdown  Electrical Breakdown  Centrifugal ForceDamage caused by:  Explosion (other than combustion)  Rupture, Bursting or Cracking  Burning out or Bulging  Collapse of Pressure EquipmentLoss or Damage caused by:  Pressure vessels and piping  Boilers, Pressure Vessels or Piping containing steam or water under steam pressure  Electrical Devices, Appliances or Wiring ©2012 The Boiler Inspection and Insurance Company of Canada. All rights reserved.