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Report Looks at Breakdowns, Including Elevators

Major equipment breakdown insurance companies are aligned to offer service in a report looking ahead five years, Newswires RSS reported May 26. The research publication, provided by Advance Market Analytics, is a 232-page report offering self-explained tables and charts with trends, drivers, restraints and opportunities. Key players profiled in the study are AXA (France), AIG (United States), Aviva (United Kingdom), Zurich (Switzerland), Liberty Mutual (United States), Erie Insurance (United States), Japan Post Insurance Company, Ltd. (Japan), Ping an Insurance (Group) Company of China Ltd. (China), Anthem, Inc. (United States), Assicurazioni Generali S.p.A. (Italy), Berkshire Hathaway Inc. (United States), Allstate (United States), Safeco Insurance (United States) and Allied Insurance (United States). The policies are in the form of commercial insurance that provides funds to repair or replace damaged equipment that has suffered a mechanical or electrical failure. It includes losses such as short circuits, loss of air pressure or power surges, which are typically excluded from commercial property policies. It protects equipment such as elevators and escalators, as well as peripheral gear such as computers, telephones, manufacturing equipment and more.

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Elevator World | September 2021 Cover

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