What is the common name for the Equipment Breakdown Protection Coverage Form?

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The common name for the Equipment Breakdown Protection Coverage Form is indeed referred to as Boiler and Machinery Insurance. This coverage is specifically designed to address the risks associated with the accidental breakdown of equipment, which can include boilers, compressors, and other types of machinery. It provides financial protection for repair or replacement of the machinery and can cover lost income due to business interruption resulting from the breakdown.

This type of insurance is distinct from general liability insurance, which protects against claims related to bodily injury or property damage, and property insurance, which covers damage to physical assets. Workers compensation insurance, on the other hand, is focused on providing benefits to employees who are injured on the job. Hence, the specific term used for the form that covers equipment breakdown directly ties its name to the function and risk it insures against, making Boiler and Machinery Insurance the appropriate and correct answer.

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