Business Equipment
You rely on your Business equipment to keep your operation running smoothly. But, you’re stuck while the equipment or wiring is repaired or replaced. During that time, you typically have to pay for the servicing and you may even lose revenue as your business grinds to a halt.
Business equipment insurance eliminates that risk by covering your equipment repair costs and reimbursing you for lost income. Business Equipment Insurance that protects the physical property and equipment of a business against loss from theft, fire or other perils; all-risk coverage covers against all risks; named-peril coverage only protects against specific perils named in the policy.
Who Can Use Business Equipment Insurance?
Many business owners cannot afford to close their businesses down for a day or two, let alone for weeks or months. Here are some of the businesses that can benefit from a business equipment insurance policy:
IT, computer hosting and data back-up companies
Hospitals and medical facilities
Manufacturing companies
Convenience stores
Restaurants and fast food places
Retail stores
Apartments and condos
Schools
Churches and religious organizations
Office buildings
Automobile repair shops
Dental and doctors offices