Keeping Your Business Running

EQUIPMENT BREAKDOWN INSURANCE

Equipment Breakdown Insurance: Keeping your Operations Running

Technology and machinery likely plays a significant role in your business. If any of your critical equipment should go down due to an unexpected breakdown and hault your business operations, the financial impacts could be devastating. Your disruption will not only be inconvenient to your productivity, it could also be costly.

Equipment Breakdown Insurance is very similar to Business Interruption Insurance in the way it covers unexpected repair costs, emergency replacement machinery, and potential financial losses due to your interruption. It helps your business stay in business and operational, or at least, reduce the impact should something unexpected occur.

Why You Need Equipment Breakdown Insurance

Because Downtime Isn't an Option

When the unexpected forces your business to pause, the financial impact doesn’t stop. Fixed expenses, payroll, and lost revenue can quickly threaten everything you’ve built. Whether it’s a fire, flood, supply chain disruption, or equipment failure, the true cost of an interruption goes beyond the immediate damage—it’s about how long you can withstand the shutdown.

 

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Key Components of Equipment Breakdown Insurance

Like a high-performance vehicle, Ferrari & Associates knows that technology is at the heart of your business. You rely on your equipment to run your business and you need it to be protected from mechanical and electrical failures due to electrical surges, overheating or other issues. Having the right equipment breakdown insurance, and business interruption insurance is essential, and our team can ensure you have the proper tools in place.

Equipment Failure Insurance provides financial protection for lost income if your business is closed for a covered event.

Equipment Breakdown insurance

Business Cases

Our coverage helps protect your operations from costly repairs or replacements, ensuring that your business can quickly recover from equipment failures. Whether you’re in manufacturing, hospitality, or any service-oriented field, our policies are designed to mitigate the financial strain caused by unexpected equipment malfunctions, allowing you to focus on keeping your business running smoothly.

A Caterer's Fridge Malfunctions

A catering company, mobile food truck or restaurant’s refrigeration unit malfunctions overnight, leading to a significant loss of perishable inventory. Their equipment breakdown insurance could covers equipment repairs and lost food inventory, allowing the business to recover without financial strain.

A power surge damages a shoe manufacturer’s production line machine, shutting down operations for five days. The shoe company’s equipment breakdown coverage could cover repairs and lost business revenue, minimizing operational downtime.

*The information provided on this page is for information purposes only and should not be taken as insurance advice. For actual insurance advice, please fill out one of our forms, or call Ferrari & Associates at 1-888-467-8989

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