A CNC turret lathe suffers a malfunction to its cutting head, causing the head to crash and shutting down production. A hotel chiller unit seizes up before a large national convention, which leads to cancelled catering events and other reservations. A robotically controlled welding line comes to a halt because of an electrical arcing event, which shuts down the line. Numerical controls on a 400 ton stamping press fail, leading to an overload situation and failure of the press.
These are all examples of seemingly small problems that can lead to huge losses. An insurance carrier that understands equipment breakdowns can help keep your business operating. Chubb offers comprehensive equipment breakdown coverage on both a monoline and package basis.