New OPAL Product: Standalone Equipment Breakdown
We are pleased to announce that we have now launched OPAL Equipment Shield.
The product was developed following enquiries from our existing Wind Deductible Buy Back users about the need for a standalone Equipment Breakdown product available on our quote and bind platform - OPAL.
We are proud to be partnering with FM Boiler Re on this new offering, combining their expertise with AEGIS London’s underwriting strength to deliver a solution that meets real client needs.
Why choose this product?
✔ Comprehensive protection for sudden mechanical and electrical failures across commercial properties
✔ High limits – up to $50M for non-manufacturing risks and $25M for manufacturing, with sub-limits for light fabrication and food processing
✔ Jurisdictional inspections included for selected risks to support reliability and loss prevention
✔ Available across all U.S. states
This coverage is ideal for businesses that rely on boilers, HVAC systems, electrical equipment, and other essential machinery. When property insurance isn’t enough, Equipment Breakdown steps in to keep operations running smoothly.
New Features:
• When quoting a Commercial Wind Deductible Buy-Back risk, an indicative quote for Equipment Breakdown is provided on eligible risks.
• New business rules: Enabling instant quoting and bind of risks. Referrals are dealt within within 48 hours.
• New documents: White labelled policy documents with relevant Wordings, Extensions and Clauses available when necessary, with addition of the new Statement of Fact document to ensure clarity when binding.
To find out more and watch our explainer video:
https://marketing.opaluw.com/equipment-shield
or
