Equipment

When something breaks down, operations can quickly come to a halt. That’s why equipment breakdown insurance is so important. Breakdowns can happen in any type of business setting:

• Your computer network is damaged by a power surge or outage
• Your business has to shut down temporarily due to an electrical system that has short-circuited
• An employee makes a mistake and damages your only production machine

 

These situations could cost a lot of money – lost productivity means lost revenue. That’s why G2 Insurance offers broad equipment insurance for breakdowns to keep your business running smoothly in case of a problem.

Equipment breakdown coverage can pay for:

• The cost to repair or replace the damaged equipment
• Costs for time and labor to repair or replace the equipment
• Business income losses when a covered breakdown causes a partial or total business interruption
• Other expenses incurred to limit loss or speed restoration
• The cost to replace stock or materials that go bad due to broken machinery