i3 Equipment Breakdown

BI&I is Canada's recognized leader in equipment breakdown insurance and a pioneer in the field since 1875 when exploding boilers were a threat to lives and business. BI&I is keeping pace with the needs of every type of business and changing technologies by providing innovative:

• Equipment breakdown insurance products (Boiler and Machinery Insurance) for small businesses and equipment breakdown policies that can be individually tailor made to fit complex exposures
  
• Other specialty insurance and reinsurance products
  
• Inspection services and engineering consulting

Since the founding over 130 years ago, BI&I has developed a culture that values technical expertise. Engineering knowledge and expertise enables BI&I to understand the causes of loss. BI&I then recommends risk management and loss prevention solutions that help your customers reduce losses and improve their results.


All Systems Go™

Protection For Business's Critical Equipment
This policy provides coverage for business equipment in the event of a sudden and accidental equipment failure that causes physical damage. It covers nearly everything mechanical or electrical including communications equipment, computers, printers, duplicating equipment and other office or business equipment that uses electricity.

The policy provides coverage for the "internal causes" of breakdown that are normally not covered by all risk insurance policies namely:

• mechanical breakdown
  
• electrical arcing
  
• explosion, rupture or cracking of pressurized objects

The policy also covers lost income and spoilage resulting from a breakdown.

All System Go™ takes the worry out of equipment protection. i3's Equipment Breakdown insurer BI&I have provided examples of losses that may have been averted with All System Go™:

Electrical Service Interruption
Spoilage: $3,971.22
Income Loss: $7,305.13
Total Loss: $11,276.25

Three transformers, which were owned by the plaza owner, burned out. Our insured, a tenant restaurant, suffered loss of income as well as food spoilage.

Office Equipment
Total Loss: $7,003.20

A consultant's office was down for two-and-a-half days when the file server failed.  Employees had to work the weekend to finish a major presentation which their client expected on Monday morning.

Telephone Equipment Failure
Total Loss: $39,215.00

This business office experienced a total telephone system failure due to a power surge. Damage to the rectifier, tape unit, CPU, SDI, six line cards and two trunk cards required the replacement of this equipment.

Air Conditioning Breakdown
Total Loss: $8,010.00

A rooftop air conditioning unit compressor "burned out". The contractor was not able to determine the precise cause of the loss.




i3, your natural selection for machinery breakdown coverage.

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