37000 12 Mile Rd., Suite 101
Farmington Hills, MI 48331
248.848.0200
Our
school products are built on our traditional of quality
coverage dating back to 1851. And with more than 30
years of school business, we know your school depends
on a wide range of equipment that includes far more
than desks, chairs, and blackboards.
Today's schools are equipped with computer systems, equipment-intensive
wood and auto shops, and auditoriums containg sophisticated
lighting, multimedia projection, and sound systems. Electrical
supply and distribution systems, boilers that supply heat
and hot water, and multiple air-conditioning units are
the norm. Many schools contain refrigeration and appliances
in full-function cafeteria kitchens. An unbudgeted loss
can be extremely costly and, in many cases, can greatly
impact your ability to operate.
EQUIPMENT BREAKDOWN INSURANCE COVERS MORE THAN
JUST REPAIRS
Equipment Breakdown Insurance helps protect you from the
costs associated with losses to your facility's equipment.
It pays for:
Direct property loss - the cost to repair or replace
the damaged equipment;
Costs associated with the time and labor
to repair or replace the equipment subject to loss;
Costs associated with the time and labor
to repair or replace the equipment subject to loss;
Other expenses incurred to limit the loss
or speed restoration of your operations;
The loss value of spoiled products or materials;
and
Recovery expenses
Equipment Breakdown Insurance
covers the physical damage- and the financial damage -
that stems from insured equipment failure. It is bottom-line
protection that is essential for today's technology-intensive
schools.
Protection against damage caused by:
Short circuits/electrical damage
Power surges
Mechanical breakdown
Motor burnout
Boiler damage
WATER HEATING EQUIPMENT
Boilers are vulnerable
to breakdown due to pump or low-water cut off mechanism
failure.
HEATING AND COOLING SYSTEMS
HVAC systems are complex
and costly to repair Failures are common and cost tens
of thousands of dollars.
ELECTRICAL DISTRIBUTION SYSTEMS
Power interruption can
shut downl your school, as classroom computer systems,
lighting and cafeteria kitchen equipment are inoperable.
MANDATORY JURISDICTIONAL INSPECTIONS
Most states and many
local governments require boiler and pressure vessel
inspections. With Harftford Steam Boiler providing these
inspection services, you can avoid local inspection
fees in a jamority of jurisdictions. Only the certificate
fee would be your responsibility.
TYPICAL LOSSES
The following
are loss examples and typical coverage.
Sediment in a boiler caused
a low-water condition that resulted in severe overfiring,
shutting down the boiler - and the school. A rental unit
was brought in to provide heat until the damaged boiler
could be replaced.
Property Damage:
$98, 500
Extra Expenses:
$25, 164
Total Loss:
$123, 664
A short in underground electrical cables
cut power to a school for underprivileged children. About
8,000 feet of buried copper cable was replaced, along
with damaged motors, controls and relays.
Total
Loss:
$101,510
A power surge damaged an 80-speaker intercom
system and an internal clock system. Four of the intercom's
administrative control stations and the clock's electrical
components needed to be replaced.
Total
Loss:
$16,992
The motor on a 20-ton air-conditioning
unit short-circuited. Another unit was rented to keep
the school open during repairs.
Our
school products are built on our traditional of quality
coverage dating back to 1851. And with more than 30
years of school business, we know your school depends
on a wide range of equipment that includes far more
than desks, chairs, and blackboards.
