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HSB Claim Data Charts Rise in Electrical Breakdowns
New Technology Creates Equipment Exposures for Many More Types of Businesses
For the past 20 years, electrical breakdowns have outpaced mechanical losses as the leading cause of claims paid by Hartford Steam Boiler. The latest claim data from HSB shows that trend continues.
NEW EQUIPMENT, NEW RISKS
There are still plenty of expensive breakdowns of mechanical equipment like heating boilers and cooling compressors. But electrical losses are rising as a percentage of total claims because businesses keep adding new types of equipment that are vulnerable to power quality problems.
ELECTRICAL EXPOSURES
This updated chart based on HSB claims through 2006 illustrates how equipment breakdown losses have changed over the years.
