Which insurance is designed to protect against loss from major equipment failures?

Boiler and Machinery Insurance is specifically designed to cover losses that arise from the failure of critical equipment, such as boilers, HVAC systems, and various mechanical devices. This type of insurance provides financial protection for the repair or replacement of machinery that can lead to significant operational disruptions and costs.

This coverage typically includes protection against risks such as breakdowns that can result in property damage or loss of income due to downtime. In the context of property management, where major machinery plays a crucial role in maintaining operations—such as heating systems in apartment complexes—this type of insurance is essential for managing potential risks effectively.

In contrast, the other types of insurance mentioned serve different purposes. Bodily Injury Insurance focuses on covering physical injuries that occur as a result of accidents, while Fire Insurance specifically protects against damage caused by fire. Property Damage Insurance generally covers damage to physical property but does not specifically encompass the specialized needs related to equipment failures like Boiler and Machinery Insurance does.