Insurtech Joyn Insurance Adds Equipment Breakdown Coverage, Expanding Its Offering to Brokers, Partners, and Customers
NEW YORK April 26, 2022—Insurance technology company Joyn Insurance announced today the addition of equipment breakdown coverage to its list of offerings. The coverage includes all of the coverages, services, and benefits associated with traditional equipment breakdown insurance, as well as additional coverages designed to address today’s modern equipment risks and technology related failures.
“We are always looking to enhance what we offer to our brokers, partners, and customers,” said Joyn CEO Seraina Macia. “Many businesses depend on equipment and the potential for equipment breakdowns exposes them to significant potential losses. That’s why we are excited to now provide coverage for equipment and technology exposures in addition to our core property, general liability, and excess products.”
“The way we built Joyn’s proprietary technology ecosystem allows us to quickly go live with new offerings in response to broker demand and market needs,” added Ed Pulkstenis, Chief Underwriting Officer and Co-Founder. “We will continue looking for opportunities to add dynamic new products that better serve our brokers, partners, and customers.”
Joyn’s equipment breakdown coverage includes direct physical damage to covered property that is the result of an accident or electronic circuitry impairment; loss of business income due to an interruption caused by an equipment breakdown and/or additional costs incurred after a loss to maintain normal operations; data restoration; expediting expenses; future loss avoidance; hazardous substances; mobile robots; off premises equipment breakdown; public relations expenses; resultant loss from a cyber event; service interruption; spoilage and consequential damage; electronic circuitry impairment; and environmental safety and efficiency.
For more information, or to learn more, visit https://www.joyninsurance.com/.
Joyn Insurance Services Inc. is a Delaware-domiciled, licensed producer and general agent that operates under its “Joyn” TM and “Joyn Insurance”TM brands. Joyn is an insurtech enterprise that underwrites commercial insurance in the small and middle markets. Joyn is powered by technology, data and expertise to deliver a transparent and trusted experience to brokers and customers.