Equipment Breakdown Insurance Calculator

Estimate equipment breakdown (boiler & machinery) insurance premiums from equipment value, type, age, and deductible.

Total equipment value ($)

Equipment type (0-3)

Average equipment age (years)

Deductible ($)

Maintenance program (0/1)

Business interruption limit ($)

Tab to move between fields

Total annual premium ($)

$506.25

≈ 9 tanks of gas

Equipment premium ($)$506.25

Business interruption premium ($)$0.00

Monthly premium ($)$42.19

Rate per $1,000 value2.03

How to Use This Calculator

Enter the total replacement value of covered equipment (HVAC, boilers, electrical systems).
Set the age of the oldest piece of equipment in years.
Input your industry type to load the appropriate risk class.
Review the Estimated Annual Premium and the Coverage Limit.
Use the Payback Period output to compare the premium against the cost of an uninsured breakdown event.

How the result changes with Total equipment value ($)

Total equipment value ($): Total replacement cost of all insured equipment.
Equipment type (0-3): 0 = HVAC/refrigeration, 1 = Electrical systems, 2 = Production machinery, 3 = Boiler/pressure vessels.
Average equipment age (years): Average age of insured equipment — older equipment costs more to insure.
Deductible ($): Per-occurrence deductible — higher deductible lowers premium.
Maintenance program (0/1): 1 if you have a documented preventive maintenance program (earns ~10 % credit).
Business interruption limit ($): Optional coverage for lost income during equipment downtime.

Equipment premium ($): Annual premium for physical breakdown coverage.
Business interruption premium ($): Additional premium for business interruption coverage.
Total annual premium ($): Combined equipment + business interruption premium.
Monthly premium ($): Total annual premium divided by 12.
Rate per $1,000 value: Effective premium rate per $1,000 of equipment value.

Identify Input Parameters
4 parameters
Total equipment value ($) = 250000, Equipment type (0-3) = 0, Average equipment age (years) = 5, Deductible ($) = 2500 = 6 input(s) provided
Calculate Total annual premium
Total annual premium = propertyPremium + biPremium
506.25 = $506.25
Calculate Equipment premium
Equipment premium = equipmentValue * baseRate * typeMult * ageFactor * (1 - deductibleCredit) * (...
506.25 = $506.25
Calculate Business interruption premium
Business interruption premium = businessInterruptionLimit * 0.015
0 = $0