HVAC systems
Large chillers, boilers and rooftop units can be expensive to repair or replace.
Equipment Breakdown for Commercial Real Estate
Modern commercial buildings depend on mechanical and electrical systems that can fail without an external property cause such as fire or wind.
What to Review
The details that can change the insurance program.
Commercial real estate insurance is highly dependent on the building, occupancy, leases, valuation, protection and income exposure. A useful review goes beyond simply quoting the same limits.
Electrical equipment
Arcing, short circuits and transformer failures can damage critical systems.
Elevators & controls
Mechanical and electronic failures can interrupt building access and operations.
Refrigeration
Some properties rely on refrigeration or temperature-control systems for tenants or common operations.
Key Exposures
Questions worth answering before renewal.
Internal breakdownStandard property insurance may not respond the same way to internal mechanical or electrical failure.
Business incomeA system failure can make the building unusable even without major structural damage.
Expediting expenseRush shipping and overtime may help restore critical equipment sooner.
Maintenance historyAge, service records and redundancy can influence underwriting.
Have a renewal coming up?
Send us a few basics and we will follow up to learn more about your property or portfolio.