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What does equipment degradation cover? Explore four business benefits.



From computers to faucets, stoves to plumbing systems, your business undoubtedly depends on the equipment working smoothly. However, the mechanical, electrical and computer equipment that your company uses is not invincible. It may break, malfunction, be damaged and cause unexpected interference. So, to protect your business, let's examine what equipment distribution coverage is.

What does insurance for equipment division cover?

Your machines and equipment may not always be there for you when you need them, but thankfully there is something available: equipment distribution coverage. Here are four ways in which your business can benefit from a policy.

1. Payment for repairing or replacing equipment. Distributions may occur at any time. But it is almost never a good time to have to repair or replace damaged items, especially expensive ones. A policy covers comprehensive equipment:

  • Electrical distribution systems
  • Electronic equipment
  • Telephone systems
  • Heating and cooling systems
  • Refrigeration equipment

2. Coverage for lost income . Let's say you run a restaurant and the service stops when your refrigerators break down. Or your factory must press pause when a press stops working. Equipment breakdown can cover the loss of business income until you can return to business as usual. Equipment breakdown also covers costs for replacing lost stock (such as the spoiled menu options at your restaurant).

3. Peace of mind in modern times. Technology has become invaluable to most companies. But it has also created new risks. Electronic equipment is often sensitive to internal disturbances such as power outages and electrical short circuits. And because so many electronic and electrical systems are interconnected, a small glitch can cause a chain reaction of problems. This type of insurance can cover costs associated with the time and labor required to repair and replace your damaged equipment.

4. Protection for gaps in other cover . Some companies may not realize it, but some equipment damage is not included in commercial property insurance. For example, a commercial real estate policy can protect equipment from external forces such as fire and storm, but not against breakdown, accidental damage or failure. Dividing equipment can cover gaps that other policies do not.

If you are worried about power outages, electrical short circuits, mechanical breakdowns or engine burns, equipment coverage may be right for you. Talk to a local, independent agent about getting a policy today.


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