Equipment Breakdown Insurance in Warminster PA & Phoenixville PA
If your business relies on equipment to keep operations running, a breakdown can be expensive. Repairs can be costly, and your business may lose income while the equipment is out of service. Having equipment breakdown insurance can help protect your business financially.
The team at John Holroyd Agency can help you find the coverage you need. Contact us today for more information.
What Does Equipment Breakdown Insurance Cover?
Equipment breakdown insurance may provide protection if your business’s covered equipment or machinery is damaged by covered internal perils such as power surges, motor burnouts, short circuits or other mechanical breakdowns. This insurance may help pay for repair or replacement costs, and it may supplement your commercial property insurance, which typically only covers losses due to external forces.
Equipment breakdown insurance is an expanded form of boiler and machinery insurance and may cover a wide range of equipment, such as:
Equipment breakdown coverage may also provide compensation for lost business income that may result from your equipment being inoperative. It may also cover the loss of perishable goods after a covered incident.
The above list is not all-inclusive and additional coverages may be available. Consult with a professional at John Holroyd Agency to discuss options, limits and exclusions.
What Does Equipment Breakdown Insurance Cost?
The cost of equipment breakdown insurance depends on various factors, including the value of the insured equipment or machinery, its age and your selected coverages. Equipment breakdown coverage may be available as a standalone policy or as an endorsement to your existing business insurance.
At John Holroyd Agency, we are committed to providing quality insurance products. Contact us today for more information on equipment breakdown insurance. We are ready to assist you in finding the coverage you need at the best value.