Computers & communications
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Computers and communications, which includes computer systems, phone systems, voice mail systems, security systems and fire alarm systems.
A Equipment breakdown insurance policy can cover all sorts of equipment used in your business–such as elevators or heating–rather than just the machinery your business uses while manufacturing. Policies usually cover computer equipment, but will only pay out for physical hardware damage rather than software failure or malware.
It’s worth noting that, while manufacturer warranties may pay for repair costs or provide replacements in some circumstances, they usually aren’t as extensive as with systems breakdown insurance.
For example, the warranty might not cover accidental damage from human error, such as overloading electrical circuits. But, Equipment breakdown insurance will cover this type of incident.
Equipment Breakdown Insurance helps cover:
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Computers and communications, which includes computer systems, phone systems, voice mail systems, security systems and fire alarm systems.
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Boilers & pressure equipment
Equipment breakdown insurance is smart to have – even if you don’t own your own building, and especially if the success of your business is dependent upon properly-functioning equipment owned and operated by a key supplier, such as a local power company.
For example, if you own a pizza shop that depends on online orders, as well as walk-in customers, your business will suffer if the power goes out due to a power surge. A power outage could result in loss of heat or air, the inability to process online orders, as well as the inability to prepare, cook, serve and sell food. And if the power is out long enough, your food inventory could spoil.
In this example, equipment breakdown insurance may help pay for:
If your business could suffer in the event of an equipment breakdown, this optional coverage may be a good choice. Our team can help you understand what your policy covers and whether your business may benefit from additional protections such as equipment breakdown coverage.
Altima Auto Insurance Agency helps you choose from a variety of personal insurance and business insurance solutions.
Note: Please talk to your financial consultant to check all the facts before proceeding
Note: Please talk to your financial consultant to check all the facts before proceeding
Note: Please talk to your financial consultant to check all the facts before proceeding
Note: Please talk to your financial consultant to check all the facts before proceeding