Equipment Breakdown, Boiler & Machinery
CapriCMW provides the highest quality insurance products and innovative risk-related solutions for Equipment Breakdown, Boiler & Machinery businesses. Historically known as boiler and machinery insurance, the new name, Equipment Breakdown Insurance (EBI) more accurately describes the provided coverage. Under traditional property policy, loss due to mechanical or electrical breakdown of nearly any type of equipment is typically excluded. EBI applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown.
We understand the need for competitively priced programs for Equipment Breakdown, Boiler and Machinery insurance. Our Risk Advisors can review the EBI limits for your business, and can also help protect business income loss and extra expense loss.
BC Government Introduces Workers Compensation Act Changes to Support Injured Workers
The BC government has introduced amendments to the Workers Compensation Act aimed at providing better support to injured workers in their return to work.
ICBC Introducing Usage-Based Discounts Beginning in 2023
As part of its intended shift towards more personalized insurance products, ICBC will be introducing new usage-based insurance options over the next several years. The first of its usage-based offerings will be available in 2023, a discount on certain…
Three Types of Insureds Explained
Are you aware of the differences between Named Insureds, Unnamed Insureds (also known as simply Insureds) and Additional Insureds? They are often confused, but the distinction is very important to understand.