AXIS Equipment Breakdown
AXIS is a financially strong and stable insurer. Through our Canadian Branch in Toronto, we offer Equipment Breakdown (Boiler & Machinery) Insurance either as an extension of our Premier Property all-risks policy or on a standalone basis on our Equipment Breakdown broad form policy. With in-depth expertise in this line of business, we are able to structure specialized solutions for a diverse array of commercial and industrial risks.
Highlights
- Seasoned management and underwriting team
- Full local underwriting authority
- Broad risk appetite
- Underwriting specialization in midsize and large accounts
- Policies backed by the exceptional financial strength and solid claims-paying ability of AXIS Reinsurance Company, rated “A+” (Strong) by Standard & Poor’s and “A” (Excellent) XV by A.M. Best
Products & Capabilities
- Equipment Breakdown Insurance
- Primary, excess or quota share
- $100,000,000 in capacity (CAD or USD)
- All-risks Property Insurance with optional Equipment Breakdown coverage
- Broad form EBI wording, including loss of income, spoilage and utility interruption
- Testing and commissioning
- Additional coverage enhancements
- Full range of risk management and engineering services
Target Classes
We can provide coverage for many different industry sectors, including:
- Real estate ownership and management
- Manufacturing operations
- Food processing and cold storage
- Steel processing
- Pharmaceuticals
- Electronics
- Public and private utilities
- Renewable energy
- Other business classes
To learn more about our Equipment Breakdown coverage capabilities, please contact us.
