What do refrigerators, air conditioners, telephones, microwaves, computers and projectors all have in common? Your business probably uses all of these electronic and mechanical devices on a daily basis. Technology has developed to the point where all businesses heavily rely on it to perform daily operations, from getting a cup of coffee in the morning to storing sensitive customer information on servers.

What would happen if key pieces of equipment stopped working? It’s often very expensive to fix or replace these items.

You probably have property coverage in your business insurance portfolio. But if you read your policy, you’re more than likely to find that coverage is excluded or capped for electronic and mechanical equipment failure. This is because property coverage is designed to cover damage from external sources, like natural disaster or theft. But what about internal sources of damage, like motor failure or electric arcing?

Equipment breakdown insurance is an extremely valuable addition to your business insurance policy because it protects your business from the expense of repairing or replacing this equipment. Any tangible piece of equipment (software is not included) can be protected with the right coverage. And in addition to the protection of these physical items that help you run your business, some equipment breakdown policies also cover a loss of income resulting from failed equipment.

Learn more today. Contact us today for more information on business insurance.