Equipment Breakdown and Inland Marine Insurance for Manufacturers

Overview

Manufacturers rely on sensitive, specialized equipment, making breakdowns a critical risk due to long repair times and interdependencies. Most commercial property policies exclude equipment breakdowns, necessitating boiler and machinery coverage. This course reviews these exposures, insurance options, and the need for inland marine coverages to avoid gaps.

Find this course for your license

License or Certification

Regulator

Learning Objectives

recognize why manufacturers need equipment breakdown insurance and certain inland marine coverages
understand the extent of coverage for equipment breakdown and inland exposures available in standard property insurance policies
describe alternative methods for meeting a manufacturer’s coverage needs for equipment breakdown and inland marine exposures not covered under standard property forms
identify the extent to which a loss would be covered by equipment breakdown and inland marine insurance forms

Designed For:

Property and casualty insurance agents, risk, safety, and finance professionals working in manufacturing

International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

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