If It Ain’t Broke, Don’t Fix It: When an Equipment Breakdown Isn’t Actually a “Breakdown”

Adam Masef | Butler Weihmuller Katz Craig Many industrial companies often purchase commercial insurance policies with equipment breakdown coverage to guard against damage to their valuable equipment and protect against the associated loss of business income. However, as one steel producer recently discovered, not every incident amounts to a covered “breakdown.” In Aspen Specialty Insurance Company… Continue reading If It Ain’t Broke, Don’t Fix It: When an Equipment Breakdown Isn’t Actually a “Breakdown”