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It’s hard to overstate the damage an equipment breakdown can do to your business operations and profitability. From the small computer chips to the largest pieces of machinery and equipment, a failure can impact revenue and client goodwill.

Dependence on machines

Machines are so ingrained in our day-to-day lives that we often take them for granted and it’s easy to forget how dependent your business is on them. However, when there’s a key equipment breakdown, it can cease operations, leaving your business financially vulnerable on a number of levels and risk your reputation and relationship with your clients.

Unfortunately, your commercial property policy may not cover you for another problem: the sudden, accidental breakdown of your company’s vital equipment.

Equipment Breakdown Expenses

Equipment breakdown expenses can mount quickly
Our risk management team develop appropriate coverage plans for our clients to address equipment breakdown risk. This coverage can respond to lost income stemming from interrupted business operations, high repair bills, product losses, and other expenses.

What’s covered?

Equipment breakdown insurance can cover equipment losses due to:

  • Power surges
  • Short circuits
  • Electric arcing
  • Loss of lubrication
  • Mechanical stress
  • And other causes of loss

Equipment Breakdown coverage

Equipment breakdown insurance can cover many types of equipment, including:

  • Computers and phones
  • Printers, scanners, and photocopiers
  • Cash registers and inventory control
  • Electrical systems and wiring
  • Air conditioning and ventilation systems
  • Dryers, clippers, fans, motors, and pumps
  • Tractors, plows, irrigation systems and other agricultural equipment
  • Boilers

There are proven ways to successfully mitigate and insure the risk of breakdown. Call Reliance for your complimentary risk and insurance strategy assessment.

Get a Quote Today

Sun Rich has been a Reliance client for over a decade. The team surpassed all expectations by being proactive, supportive and creatively thoughtful in addressing risks. During those unfortunate times where we experienced a loss, they were steadfast in guiding us to successful conclusions and provided us with appropriate resources.

— Vice President, Finance, Sun Rich Fresh Foods Inc.


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