{"id":2232,"date":"2023-10-29T23:00:09","date_gmt":"2023-10-29T23:00:09","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=2232"},"modified":"2023-11-01T01:42:10","modified_gmt":"2023-11-01T01:42:10","slug":"equipment-breakdown-coverage","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/business-insurance\/equipment-breakdown-coverage\/","title":{"rendered":"Equipment Breakdown Coverage: Definition, Coverage & Cost"},"content":{"rendered":"

Equipment breakdown insurance, one of the essential BOP coverages, guards your firm’s mechanical, electrical, and technological assets from unplanned failures. Let’s get to know more.<\/p>

Equipment Breakdown Coverage <\/strong><\/span><\/h2>

Equipment breakdown coverage is an essential small business insurance policy. It protects your company’s property and equipment in the event of an unexpected failure. This coverage is included in commercial property insurance, which can be purchased alone or as part of a Business Owner’s Policy (BOP).<\/p>

Likely, you’re already familiar with plans like liquor liability insurance and food spoilage insurance if you’re a business owner in the food and beverage industry. These plans safeguard your company, and equipment breakdown coverage is no exception. So, what exactly is it? <\/p>

Equipment breakdown coverage is basically what it sounds like: protection against malfunctioning equipment. This equipment can range from walk-in refrigerators to stoves, HVAC units, and computer systems. Still, it rather refers to the equipment that your bar or restaurant relies on regularly. <\/p>

Equipment breakdown coverage is essential because if your equipment fails, your business may lose money until it is repaired. Overall, the expenses of repairs and replacements include significantly more than just the repairs or replacements themselves. <\/p>

Equipment breakdown insurance can help protect your business’s assets.<\/p>