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HSB’s electronic circuitry coverage protects today’s equipment

HSB TechAdvantage™ adds a second cause of loss for technical equipment risks

What makes HSB’s TechAdvantage™ different? In addition to the important equipment breakdown insurance a business needs, we can pay for the failure of today’s sensitive microelectronics and fill a coverage gap found in standard policies.

No need to show physical damage

HSB TechAdvantage™ includes Electronic Circuitry Impairment coverage, which is triggered when physical damage is not easily detectable.

Expanded coverage for microelectronics

It can pay for repair or replacement of equipment which suddenly stops functioning, but is restored when the equipment or a part containing electronic circuitry is replaced.

A better customer experience

What does that mean for your clients? Broader coverage, a simpler claim process, and a better customer experience. In addition to losses covered under standard equipment breakdown coverage, HSB TechAdvantage™ adds a second cause of loss for microelectronics.

HSB can pay for losses like these

Here are some examples of the losses we have covered through HSB TechAdvantage™ with Electronic Circuitry Impairment (ECI).

  • A printing press shut down because of the failure of the Programmable Logic Controller. There was no sign of physical damage, but a new Programmable Logic Controller (PLC) restored functionality. HSB paid $5,342 under ECI coverage.
  • Technicians couldn’t find any evidence of physical damage when a heating boiler at a library stopped working. When the flame safeguard control unit was replaced, the boiler was restored to full function. HSB paid $2,413 under ECI coverage.

Coverage for today’s technology

HSB TechAdvantage™ with Electronic Circuitry Impairment is designed for the technology that powers today’s equipment.

With expanded coverage and services

In addition to traditional equipment and microelectronics coverage, HSB TechAdvantage™ adds cloud computing services and data restoration for a covered service interruption.

Expanded off-premises and mobile equipment coverage now includes business interruption and extra expense. We also provide public relations assistance to help manage the damage to a business reputation after a loss.

Get more information about HSB TechAdvantage™

Visit our website to learn more about HSB TechAdvantage™ with Electronic Circuitry Impairment coverage.

HSB’s electronic circuitry coverage protects today’s equipment