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Equipment breakdown risk is on the rise
By Victoria SpearsAccording to an analysis from FM Global, equipment breakdown was responsible for nearly one-third of property-related losses in 2018.
News and information for property & casualty insurance agents and brokers on commercial lines insurance, including commercial property, D&O, E&O, Environmental, construction, employee practices liability, EPLI, business owners’ policy (BOP), general liability, crime, business interruption, cyber, equipment breakdown insurance, workers’ compensation, employee benefits, small business insurance, medical malpractice, fire and flood coverage, among other important types of coverage.
According to an analysis from FM Global, equipment breakdown was responsible for nearly one-third of property-related losses in 2018.