Equipment Breakdown Insurance

Level: Intermediate

Why you need this course:
After completing this course, you’ll be able to recommend coverage that organizations can use to manage the risks associated with the breakdown of equipment.

Upon successful completion of this course, you should be able to:

• Explain why equipment breakdown insurance is often needed in addition to building and personal property insurance.
• Summarize the ten insuring agreements and the coverages that an equipment breakdown policy can provide.
• Describe the three types of exclusions typically found in equipment breakdown policies.
• Summarize the limits and sublimits typically included in equipment breakdown policies.
• Describe the following policy conditions that are unique to equipment breakdown policies:
• Suspension
• Valuation
• Deductibles
• Joint or disputed loss agreement
• Jurisdictional inspections
• Given a case, determine whether a described loss would be covered, and any loss amount payable, under the Equipment Breakdown Protection Coverage Form.

Cost: $20 per Professional Development Hour (PDH). Information on Professional Development Hours (PDH) provided can be found here.

Equipment Breakdown Insurance Topics Include:

• Need for equipment breakdown insurance in addition to building and personal property insurance
• The ten insuring agreements and the coverages that an equipment breakdown policy can provide
• The three types of exclusions typically found in equipment breakdown policies
• The limits and sublimits typically included in equipment breakdown policies
• Policy conditions that are unique to equipment breakdown policies

Additional Course Resource

• Try a demo of Institutes Online learning

Additional Knowledge Solutions

• View The Institutes´ full catalog
• See all The Institutes´ offerings

E-mail: customerservice@TheInstitutes.org

Phone: (800) 644-2101

Fax: (610) 640-9576

Customer Service hours are Monday through Friday, 8:00 a.m. to 6:00 p.m. eastern time.