The Hartford Steam Boiler Inspection and Insurance Co. is taking its green coverage to the next step with HSB Green Equipment Breakdown coverage.
HSB Green Equipment Breakdown coverage helps make insureds whole in the event of equipment loss, as well as:
- Offers the opportunity to make energy savings upgrades to equipment and property after a covered loss.
- Covers business interruption and extra expense incurred as a result of the longer lead times for materials and labor.
- Covers recycling of damaged property or equipment.
- Addresses the changing exposures presented by today’s “green technologies.”
HSB Green Equipment Breakdown Coverage will be automatically included in all HSB Freestyle policies as of July 1, 2011 (pending state approvals), at no additional cost. Its enhanced coverage builds upon the environmental, safety and efficiency improvements that have been a standard part of HSB’s Freestyle equipment breakdown programs since 1998.
In addition to the extra 25 percent of a loss HSB pays for upgrading to more efficient and environmentally friendly equipment, HSB Green Equipment Breakdown Coverage automatically can provide up to $25,000 in addition to any applicable coverage. It also includes repairs for other damaged covered property and additional business interruption and extra expense.
Covered repairs or replacements for green-certified buildings are completed according to the standards set by third-party organizations, including the U.S. Environmental Protection Agency Energy Star program and U.S. Green Building Council LEED program.