Equipment Breakdown Insurance,
How To Define Equipment Breakdown Insurance?
Coverage of damage caused by mechanical or electrical failure of almost all types of devices, including photocopiers and computers. Insurance covers the cost of repairing or replacing damaged equipment and other property. Loss of operating income and consequent additional costs are also usually covered by insurance. Equipment damage insurance is increasingly replacing traditional boiler and machinery (BM) insurance, partly because the title better describes the insurance coverage offered. In addition, existing equipment failure insurance generally provides slightly more coverage than traditional BM policies and does not generally use the technical terms found in traditional BM policies.
Literal Meanings of Equipment Breakdown Insurance
Meanings of Equipment:
Items required for specific use.
Sentences of Equipment
Synonyms of Equipment
appliances, apparatus, paraphernalia, articles, impedimenta
Meanings of Breakdown:
Relationship or system malfunction.
Chemical or physical damage from something.
A vibrant and vibrant American country dance.
Sentences of Breakdown
Failure can completely stop production.
Violation of military discipline
Ammonia breaks down into nitrate.
Synonyms of Breakdown
break-up, seizing up, falling through, collapse, division, malfunction, failure, separation, breakdown, foundering, disintegration
Meanings of Insurance:
The process or arrangement in which a company or government agency guarantees compensation for some loss, injury, illness or ■■■■■ in exchange for premium payments.
Something that protects against possible emergencies.
Sentences of Insurance
Many new lenders buy unemployment or health insurance.
Adherence to a high standard of personal conduct is the best protection against personal problems.
Synonyms of Insurance
security, safety measure, surety, indemnification, provision, safeguard, immunity, preventive measure, precaution, defence, protection, cover, indemnity, shelter, financial protection