Equipment Breakdown

Insuring Santa Claus

From his bustling workshop to his nine loyal reindeer, Santa Claus operates one of the most complex enterprises in the world. That level of global intricacy requires an expert review of risk management strategies. “There are a number of insurance products that I would think Santa would have in place,” said Chris Zoidis, Corporate Executive…

Common Myths: Breaking Down Equipment Breakdown Insurance

A refrigeration unit breaks down in a warehouse full of frozen food. A hospital’s generator malfunctions internally and stops supplying power. A power surge burns out an integral piece of equipment in a manufacturing facility. In each of these instances, Equipment Breakdown insurance, also called Boiler and Machinery insurance, is required to cover the costs…