sovereign's equipment Breakdown coverage protects you from the financial consequences of a mechanical or electrical breakdown loss.


Commercial enterprises often overlook the importance of insurance solutions for Machinery and Equipment Breakdown. Today, businesses rely heavily on technology and mechanical equipment more than ever before.

The protection afforded under an Equipment Breakdown policy can be crucial to a company’s ability to recover from a malfunction. Many businesses do not realize they require separate coverage outside of their standard commercial property policy. Without adequate coverage business can be exposed to significant impact on their productivity in the event of a mechanical failure, electrical short circuit or malfunction of communication and computer equipment.

Highlights

  • Protection for a catastrophic steam boiler explosion. Fortunately these disasters are very rare but they still happen and are excluded causes of loss under your regular property policy.
  • Coverage for Time Element losses, to the extent provided under your Sovereign property policy. Any Business Interruption or Extra Expense coverage provided by your Sovereign policy automatically includes Equipment Breakdown.
  • Inspection service.

GTT OnSet

Sovereign has partnered with GTT OnSet to provide jurisdictional inspections to support boiler and pressure vessel inspection laws in those provinces that will accept insurance company inspections, namely Ontario, Quebec, and Prince Edward Island.

Sovereign will provide this service to our policy holders at no additional cost.  GTT OnSet is an Accredited Authorized Inspection Agency through the Technical Standards & Safety Authority (TSSA) Authority (TSSA), National Board (NB369) and Régie du bâtiment du Québec (RBQ ).

Note: You must still pay the province for the certificate fees and must have the province inspect your equipment if they don't accept an insurance company inspection.

EBteam

Left to right: Tanya Gardecky, Andrea Powell, Nathalie Godbout, Michel Rivard, Natasha Blackbird, Nadia Boev

For more information, contact your local Sovereign representative.

Michel Rivard, BBA, FRM
AVP  Equipment Breakdown
514-798.6196
michel.rivard@sovgen.com

Nathalie Godbout
Specialist, Equipment Breakdown
514-798-6212
nathalie.godbout@sovgen.com

Andrea Powell, FCIP, CRM
Specialist, Equipment Breakdown
647-826-5224
andrea.powell@sovgen.com

Tanya Gardecky
Underwriter, Equipment Breakdown
416-673-5081
tanya.gardecky@sovgen.com

Natasha Blackbird
Underwriter, Equipment Breakdown
403-385-4811
natasha.blackbird@sovgen.com

Nadia Boev, CRM
Underwriter, Equipment Breakdown
403-385-4809
nadia.boev@sovgen.com