For Subscribers

Oldie But A Goody

Though it may sound antiquated, boiler and machinery insurance is a modern necessity.

By Jacquelyn Lynn

Opinions expressed by Entrepreneur contributors are their own.

You may or may not have a boiler, but chances are you needboiler and machinery (B&M) insurance. Why? Because yourbusiness property insurance covers a wide range of perils, such asfire, flood and accident, but it doesn't pay for equipmentfailure and any resulting losses.

Equipment and mechanical breakdowns have always been excluded bycommercial property policies since back in the first half of the20th century when steam boiler explosions were likely, explainsMadelyn Flannagan of the Independent Insurance Agents of America.But after eliminating these risks from standard property policies,Flannagan says, the industry created a separate product to addressthem.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

This OnlyFans Star Was Once Part of a Fanatical MLM Cult. "I Was Forced Into Celibacy."

Cami Strella was lured into a multilevel marketing scheme but escaped to start her own six-figure-a-month business.


Invest in Yourself: 10 Things Every Working Woman Should Do This Year

When striving for success, it is easy to forget about your mental and physical health. But without health, you cannot fully succeed. Follow these ten lifestyle strategies for success in your personal and professional life.


5 Reasons Why Your Brand Needs a Strong Social Media Presence

Social media has replaced traditional media, so it's time to funnel your marketing budget into a better, more reliable strategy


Get Two Wireless Chargers for Just $19.99

Create an efficient workplace by clearing the clutter in your office.