Boiler and Machinery Insurance

The term Boiler & Machinery is somewhat of a misnomer because this coverage applies to other property and equipment not just to boilers. It would probably be better defined as "mechanical and electrical equipment breakdown" or "energy systems" coverage to emphasize that it does not apply solely to boilers. It has to do with insuring equipment that generates, uses or transmits power. In addition to providing direct damage coverage, this insurance also provides cover for business interruption and expense. Boiler & Machinery policies also add coverages that are normally excluded under the standard property policy, e.g., mechanical breakdown, electrical arcing, explosions to steam boilers, etc. For example, mechanical breakdown due to the wear and tear of an HVAC system would be covered.

TriNet offers insurance as part of an HR outsourcing arrangement or as a stand-alone offering. For more information about TriNet Insurance Services, please call 1-888-842-6805.