For Agents & Brokers
How does the power get to your home or business?
The electrical grid is complex and equipment is aging
Electrical damage accounts for many expensive equipment breakdown losses. Voltage surges, short-circuits and the loss of electrical power can lead to equipment repair or replacement, a loss of business income, or force families from their homes.
Our power supply is interconnected
But do you ever wonder how electricity gets to your home or business? An electrical grid is an interconnected network for delivering electricity from suppliers to consumers. It's not as simple as that, of course, and there are several steps in the grid that create exposures.
The grid is aging and vulnerable to storms
The electrical grid is also aging and weather-related disturbances are rising.
Blackouts are becoming more frequent and severe. So, HSB has partnered with Atmospheric and Environmental Research (AER) to develop a Blackout Risk Model that helps customers plan ahead and manage these risks.
Learn more about it in our blog
HSB's Robin Luo, vice president risk consulting, explains how the U.S. electrical grid works in this HSB Equipment Connection blog posting. He also explains more about the causes of widespread power outages and the capabilities of our Blackout Risk Model.
Get information on a variety of topics
Explore the Equipment Connection blog pages for articles by HSB's equipment and insurance specialists on other topics, including cyber risks, solar power, business equipment, energy efficiency, home exposures, and more.