“Equipment breakdown” refers to a type of insurance coverage intended to insure equipment that transmits, distributes or uses mechanical and/or electrical energy. Types of equipment that are normally covered include:

• Boilers and pressure vessels

• Air conditioning and refrigeration systems

• Electrical equipment, including:

– Motors – Switchgears – Transformers

• Communications and data systems

Your business and property owner clients should be aware that without equipment breakdown included in their property coverage, they may not be protected against property and business income losses associated with mechanical failures or electrical arcing breakdowns.

Equipment breakdown services

Many insurance companies offer equipment breakdown coverage, but not all offer in-house resources to provide essential jurisdictional inspection and risk control services. We have been insuring and inspecting boilers, pressure vessels and other types of equipment since 1907 and are one of the largest and fastest- growing equipment breakdown reinsurers in the United States.

What we can do

Our staff provides services that include, but are not limited to:

Inspecting boilers, pressure vessels and other equipment

More than 70 separate jurisdictions in North America require periodic inspections of boilers and pressure vessels. Each jurisdiction has separate inspecting criteria and inspection frequencies for various equipment types. We are a National Board Authorized Inspection Agency and have over 150 risk control consultants who hold a Boiler and Pressure Vessel Inspectors commission. With Travelers BoilerRE SM, your clients receive their required boiler and pressure vessel inspections in jurisdictions throughout the United States, Canada and Puerto Rico.

Investigating claims

Risk control works with dedicated underwriting and claim units to provide superior service. For challenging and unique assignments, our risk control specialists may involve our certified analytical laboratory or network of independent testing, consulting and service companies.

Conducting risk control surveys

Travelers BoilerRE offers service leadership in equipment breakdown risk control surveys to industries as diverse as manufacturing, generating utilities, petro-chemical processing, health care, cold storage, food processing, building management and numerous others. Each of these industries shares a common exposure: key equipment breakdown. A single, unknown exposure can cause an unplanned equipment outage which can paralyze an entire location, affecting multiple locations and, ultimately, the financial success of a company.

Surveys give your clients insight into the condition and maintenance requirements of their equipment. Our risk control consultants identify equipment exposures, develop meaningful loss prevention recommendations and support your clients’ efforts to keep their equipment at full production.

Equipment breakdown services

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EFFECTIVE STRATEGIES FOR MANAGING EQUIPMENT BREAKDOWN

Providing account management services

Our trained account consultants can help develop a focused plan that helps achieve your client’s risk control goals. They also can assist with a variety of services, including:

• Exposure evaluations

• Special inspection reporting and distribution

• Contingency planning

Coordinating non-destructive testing

We can also help arrange non-destructive testing services. Non-destructive examination and testing are the most cost-effective tools in controlling unplanned outages. Many of these tests can be performed while the equipment is in operation, and all provide valuable insight into equipment operating conditions and maintenance requirements. We can help direct your clients to service companies that specialize in non-destructive testing technologies, including:

Pressure vessel inspection technologies

Whether your client is producing advanced chemicals or municipal water, pressure vessels can provide critical interruption exposures. Corrosion, erosion, environmental cracking, embrittlement and pitting are just a few of the conditions that can develop overnight or over time and, ultimately, bring their operation to a standstill.

Rotating equipment inspection technologies

Rotating equipment can provide some of the most extensive interruptions to service. Machinery technology developments have resulted in lighter, faster, and more efficient equipment. Despite these advancements, they have a higher exposure to sudden breakdowns and service interruptions.

Electrical testing and inspection technologies

Electrical systems present some of the most critical business interruption exposures. There is little or no warning prior to an electrical failure, and when it happens, electrical problems are rarely audible or visible. For these reasons, electrical non-destructive testing technologies are the most popular in the industry. The advanced detection of overheating in conductors using thermographic imaging, alone, saves millions of business interruption dollars every year.

Customer inspection service

Requests for jurisdictionally required boiler and pressure vessel inspections can be processed through a toll-free customer service hotline at 800.425.4119 or email boilinsp@travelers.com.

For more information To learn more about our equipment breakdown risk control services, visit riskcontrol.com.

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The Travelers Indemnity Company and its property casualty affiliates. One Tower Square, Hartford, CT 06183

This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.

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