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.
We understand the hazards that could cripple your business. Our dedicated, board-certified Equipment Breakdown engineers have industry-specific knowledge to help reduce or minimize loss. Chubb’s engineers perform required jurisdictional inspections and conduct surveys and accident investigations as needed. Loss prevention services include thermography imaging, oil and vibration analysis, and other predictive tests.
Our reputation for claims handling excellence stems from a focus on getting you back to business as soon as possible after a loss. A dedicated equipment breakdown claim unit provides superior service through our consistent, team-oriented approach. What’s more, if you have a loss, chances are the same risk engineer who conducted the original inspection will also conduct your initial loss investigation, providing continuity of service.