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Equipment Breakdown Insurance

Learn more about this coverage.

Keeping businesses up and running

This product is an extension to our main Builders Risk insurance product.

It protects businesses against any physical loss or damage to electrical and mechanical equipment caused by an on-site work accident.

That way, companies have the financial support they need to bounce back from an equipment breakdown loss.

Equipment Breakdown Insurance is available for most building projects.

However, our coverage is more limited for the following project types:

  • Manufacturing/processing plants
  • Sewage and water treatment plants
  • Cold storage warehouses
  • Power generating plants
  • Electric substations

To see if your business would qualify, please submit an application form and provide additional information as requested by the underwriter.

  • Policy form – coverage is provided through an endorsement which attaches to the Victor Builders Risk policy
  • Policy period – identical to the Builders Risk policy
  • Capacity – same full limit of insurance as for the Builders Risk policy
  • Territory – projects in Canada only

  • “Object” defined: The endorsement contains a complete definition of what electrical and mechanical equipment is insured
  • “Accident” defined: The endorsement also contains a definition of what accident will trigger the policy
  • Optional coverages for soft costs and delayed opening are available, but only if these same coverages, with the same limits, have also been purchased on the Builders Risk policy to which the Equipment Breakdown Insurance endorsement attaches

For the majority of projects, there are no extra submission requirements; only the information necessary to underwrite the Builders Risk policy is required.

However, a supplementary questionnaire is required for the following types of projects:

  • Manufacturing/processing plants
  • Sewage and water treatment plants
  • Cold storage warehouses
  • Power-generating plants
  • Electric substations
  • Other risks with processing equipment

Please download the questionnaire here:

Equipment Breakdown Insurance (for Builders Risk insurance) – Supplementary Questionnaire

Once completed, please send it to submitapps.ca@victorinsurance.com

How do you make a business more inflation-proof? In what scenarios can our Builders Risk Insurance prevent devastating losses? What are the key benefits of our products?

Get all these questions answered with our concise construction sales tools.