Suppose your computer system was ruined or damaged by a simple power surge. Imagine your business needed to be shut down temporarily because an electrical surge damaged all your equipment. What could happen to your business if an employee error damaged your only production machine? Even broken water pipes can cause a lot of damage. You may not expect them, but any of these things could happen. It's easy to see why insuring your business's equipment is a smart move.
If your business equipment is covered, you will be protected if your equipment has a motor burnout, from power surges, in case of operational error, and from a boiler malfunction. The insurance can offer a number of protections:
Your business income losses if you suffer a total …show more content…
They are restrictive, and most new equipment is only covered for a limited specific amount of time. In addition, they will not replace lost business income or any damage to your equipment caused by operator error, which is responsible for many equipment breakdowns.
How Business Equipment Insurance Protects You
There are a number of ways business equipment insurance protects you including:
Covering your business equipment when it is in your office and even when you take some of it, such as a laptop or projector on a business trip or somewhere else.
As a tenant you are covered for improvements you make that you can't legally move and take with you.
You are even covered for accidental damage.
Many policies do not deduct depreciation if a computer, office furniture, server, or printer is damaged or destroyed.
Many policies cover personal effects you have at your business.
Many policies cover damage to your business papers at your office and even provide a lesser amount of coverage if the damage happens elsewhere.
You will be paid for any accounts receivable you can't collect.
For more information on how you could benefit from business equipment insurance, feel free to contact
If your business equipment is covered, you will be protected if your equipment has a motor burnout, from power surges, in case of operational error, and from a boiler malfunction. The insurance can offer a number of protections:
Your business income losses if you suffer a total …show more content…
They are restrictive, and most new equipment is only covered for a limited specific amount of time. In addition, they will not replace lost business income or any damage to your equipment caused by operator error, which is responsible for many equipment breakdowns.
How Business Equipment Insurance Protects You
There are a number of ways business equipment insurance protects you including:
Covering your business equipment when it is in your office and even when you take some of it, such as a laptop or projector on a business trip or somewhere else.
As a tenant you are covered for improvements you make that you can't legally move and take with you.
You are even covered for accidental damage.
Many policies do not deduct depreciation if a computer, office furniture, server, or printer is damaged or destroyed.
Many policies cover personal effects you have at your business.
Many policies cover damage to your business papers at your office and even provide a lesser amount of coverage if the damage happens elsewhere.
You will be paid for any accounts receivable you can't collect.
For more information on how you could benefit from business equipment insurance, feel free to contact