Equipment Breakdown - Yes, Please

Lightning damage to your equipment is readily covered under the standard Commercial Property Insurance form, as long as the strike doesn't occur at an off-premises utility station or onsite piece of equipment used to supply the utility service to the premises from a source away from the premises. This requires off-premises utility cover. The situation of a contractor wrenching away on your electrical panel, or similar, and creating a surge that damages your equipment is not covered. This is artificially generated current, specifically excluded in the Commercial Property Insurance form. As is electrical arcing. Also excluded in the ISO CP form is explosion of steam boilers, steam pipes, steam

Capell Insurance Management LLC  

Wescosville, PA 18106

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