HSB Canada announces new Commercial Service Line coverage

HSB Canada announced the introduction of Commercial Service Line, a new coverage bridging a potentially costly gap so building owners can minimize losses resulting from service line breakdowns.

“When an exterior underground service line fails, building owners can find themselves responsible for thousands of dollars in repair costs. The standard commercial property policy does not cover buried utility lines, and if there is coverage, it is often quite limited.” – Terry Smith, Vice President, HSB Canada.

Available to partner insurers, HSB’s Commercial Service Line offers comprehensive coverage for exterior underground service line failures. Service line damage can occur due to root invasion, freezing, penetration by a shovel or backhoe, erosion, and wear and tear. By incorporating Business Interruption, Expediting Expenses, and Spoilage coverages, this new offering also helps business owners minimize disruption and losses.