Zurich Canada simplifies access to equipment breakdown coverage

CORRECTION:

The following item, posted on Feb 23, initially contained incorrect information, for which Canadian Underwriter apologizes. The following item contains the corrected information.

Zurich Canada has added a new online portal that gives brokers access to builders’ risk and equipment breakdown coverage and allows them to quote and bind business quickly and easily.

The portal is called ZurichEZclick.ca.

The portal houses both ZurichBuildersRisk and EBmadeEZ online solutions. EBmadeEZ allows stand-alone equipment breakdown policies to be quoted and issued in just a few minutes directly from a computer. There is no need for supporting business coverage and the solution suits both small and large size organizations.

Minimum premium is as low as $300. EBmadeEZ can insure up to 20 locations and $50 million in total insured value.

When the coverage is placed, 13 additional coverages are automatically included in the policy and a variety of optional coverages can be purchased. The policy covers extra expenses such as emergency overtime, new parts and labour charges.