Reduce Insurance Costs


Insurance companies recognize the risk associated with electrical distribution systems.

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What equipment breaks down most often?

The following equipment is ranked by frequency of loss claims, accounts for the most common equipment breakdowns and includes exposures found in every business and organization.

 

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( Whistle Stop Newsletter, Published by The Hartford Steam Boiler Inspection and Insurance Co., Hartford, CT, June 2003; HSB is a leading global equipment breakdown insurer and reinsurer. )

 

 1. ELECTRICAL EQUIPMENT (ALL TYPES)
2. Air conditioning and refrigeration
3. Boilers, pressure vessels and piping
4. Machinery (all types)
5. Computer equipment
6. Motors (including air conditioning)
7. Pumps
8. Telecommunications

Where do these electrical failures occur?
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1. Office Buildings
2. Retail / Wholesale Merchandising
3. Municipalities
4. Hospitals / Healthcare
5. Manufacturing
6. Apartments/ Residences / Housing
7. Paper Mills
8. Primary and Secondary Schools
9. Hotels / Motels
10. Automobile Manufacturing

( Hartford Steam Boiler Inspection and Insurance Co. )

Your best strategy to manage insurance premium cost is to implement an electrical preventive maintenance program.

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