Machinery Breakdown
Chubb Commercial Insurance

Chubb is ranked by A.M. Best as the fourth largest underwriter of Machinery Breakdown insurance in the United States. Due to technological advances, companies are finding that machinery breakdown insurance is an essential component of any well-rounded insurance program.

Consider the unexpected occurrences that can damage equipment and cause expensive production delays or interrupt cash flow. Steam explosion, machinery breakdown and electric arcing are not insured in a standard "all-risk" property policy. Machinery Breakdown insurance from Chubb protects for:

Customer Profile

Chubb’s Machinery Breakdown policy was designed with many industries in mind, including:

The Choice Is Yours

To meet the varied needs of today’s businesses, Chubb offers the option of monoline or package formats:

Package – Chubb’s renowned Customarq Classic property policy automatically includes the three machinery breakdown perils. Our “one policy, one limit, one deductible” approach helps eliminate the gaps that can exist when a company has two policies with two carriers.

Monoline – Machinery Breakdown insurance can be purchased on a stand-alone basis when Chubb is not providing the property policy. This ISO-based policy provides insurance for direct physical loss or damage.

Machinery Breakdown losses can go beyond the repair or replacement cost of damaged equipment. We can enhance our Machinery Breakdown policy to include indirect losses that result from a breakdown including:

Why does a company need Chubb’s Machinery Breakdown policy? Consider the following scenarios:

On start-up, a crack develops in an aluminum extrusion press of a metalworking operation, halting production for 30 days. The total property and business income loss is $850,000.

Voltage spikes from a utility supplier causes severe electrical damage in a water treatment facility’s main transformer. The cost for the transformer replacement, as well as a temporary transformer rental, exceeds $425,000.

A high-rise apartment complex is heated by a large steam boiler. A safety relief valve fails and creates excessive pressure that causes an explosion. The cost of the boiler replacement, and the surrounding building damage, totals $350,000.

Don't take chances - protect your business with Chubb's Machinery Breakdown insurance.

Service and Strength

At Chubb, we deliver more than solid insurance products. We support our customers through our renowned services, extensive global network and financial strength.

Often imitated, never duplicated, Chubb’s reputation for service is built on a consistent track record of performance. Our loss prevention and risk consulting professionals identify potential hazards and help to mitigate or prevent loss. Our dedicated machinery breakdown claim unit handles all monoline and package losses, providing superior service through a consistent, team-oriented approach to complex claim issues. Plus, we make it easy to report claims anytime/anywhere through a toll-free number or via the Internet should a loss occur.

Our financial strength continues to earn high ratings from A.M. Best, Standard & Poor’s and Moody’s, leading evaluators of insurance companies. Financial strength, combined with our underwriting expertise and claim service, means you can count on Chubb to be there when you need us most.

Additional Information

It’s Not Covered…?

Additional Information

For more information about machinery breakdown insurance, contact your insurance agent or broker, or write to cci-marketing@chubb.com.