It can also cover business income losses and the costs you incur to speed restoration of business operations when breakdown interrupts your operations. Many of our customers buy spoilage coverage to protect substantial values of perishable goods that spoil as a consequence of a breakdown. Because the costs of breakdown can be significant and these breakdowns occur often enough for there to be a legitimate risk to your organization's financial health or to the profits of your business. If your business or organization owns, operates or depends upon some type of equipment to generate revenue, you need equipment breakdown insurance. If so, you need equipment breakdown insurance.
Property insurance covers many standard perils, such as fire.
Equipment breakdown coverage is specially designed to pay for damage caused by these risks. Because standard property policies don't cover equipment breakdown you need to ask to make sure it is included. Equipment breakdown covers many types of equipment. It protects electrical systems, air conditioning and refrigeration, mechanical equipment, modern office equipment in addition to heating systems such as boilers. Warranties and service contracts are important but they don't cover many of the common causes of equipment breakdowns.