Understanding Equipment Breakdown Coverage for Your Business

Understanding Equipment Breakdown Coverage for Your Business

If you are a small business owner in Gainesville, GA or the surrounding area, making sure that you have a sound commercial insurance policy to protect your company from possible accidents is a wise decision. 

Protecting Your Equipment After a Breakdown

One of the choices you’ll need to make when choosing commercial insurance for your small business is whether or not to get equipment breakdown coverage. For most businesses that have heavy duty equipment, this is an absolute necessity.

This type of insurance pays for necessary repairs and replacements after machinery and equipment break down because of an accident or simply out of the blue. In addition to these direct costs, equipment breakdown coverage may also pay for the profit losses that are associated with the breakdown of your equipment.

For example, restaurants and food stores may suffer huge food cost losses if their refrigerators break down. Another example might be heating or cooling units that break down when they are needed most. On the hottest day of the year, if the air conditioning unit breaks down in your shop, you’re definitely going to see a dip in customers. Any break down to your equipment that costs losses for your company or business interruption may be covered by equipment breakdown coverage.

There are numerous types of equipment that will be covered by this particular form of commercial insurance. Some examples include phone systems, water heaters, heating and cooling units, ovens and stoves, cash registers, and production machinery.

Contact Chastain Agency Inc.

For more information and details on your commercial insurance options in Gainesville, GA, contact Chastain Agency Inc. at your earliest convenience. We can be reached by phone, or feel free to stop into our nearest location to speak directly with an agency.