Companies need safe and working equipment to operate efficiently and generate revenue. In fact, some organizations rely exclusively on a few pieces of equipment to run their entire business. Following a breakdown, major losses can occur, and many organizations turn to equipment breakdown insurance (sometimes referred to as boiler and machinery insurance).
Equipment breakdown coverage is a form of property insurance designed to protect a company’s mechanical, electrical and computer equipment from unexpected breakdowns. These policies are flexible, and help organizations recoup financial losses related to property damage, business interruption and spoilage. In addition, these policies offer organizations the following benefits:
Want to Learn More About Equipment Breakdown Insurance?
Problems with your equipment can be extremely risky if you are not properly insured. Consult with a qualified insurance broker today to learn more about equipment breakdown insurance. Doing so will help your firm combat costly, and often unpredictable, problems at your place of business.