What is the name of the coverage part in a commercial property package that covers property damage due to machinery failure?

The coverage part that addresses property damage due to machinery failure is known as Equipment Breakdown. This specific coverage is critical for businesses that rely heavily on machinery and various equipment, as it protects against losses that occur when equipment fails. Such failures can lead to significant downtime and repair costs, impacting a business's operational capacity and financial stability.

Equipment Breakdown coverage typically includes protection against a range of scenarios where machinery or equipment experiences breakdowns or failures, including electrical failures, mechanical failures, and even certain types of repairs or replacements. This type of coverage is vital for businesses that use specialized equipment, as standard property insurance may not cover these specific risks. It ensures that businesses can resume normal operations swiftly after an incident involving their essential machinery.