Search
 

The Greening of Equipment Breakdown Coverage

Wind energy, smart meters and more green trends are changing the face of traditional equipment breakdown coverage.

By Michael R. Fusselbaugh | Updated on December 13, 2011

Industries, businesses, schools, municipalities and homes are “going green” with new energy technologies. It’s likely the trend toward more efficient and environmentally friendly equipment will continue and accelerate in the years ahead as businesses and other organizations upgrade and purchase new equipment.

Fast-changing technology is also bringing new exposures, and in many cases that will mean replacing equipment and paying for related expenses that are more costly and complex than in the past. To be competitive in this growing market, equipment breakdown insurers will have to outpace technological advances to develop new products and offer forward-looking coverages and services to their policyholders and the independent agents who represent them.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2025 ALM Global, LLC. All Rights Reserved.