Equipment Breakdown Insurance in New York, New Jersey, and connecticut
Equipment Failure Does not have to equal Business Failure
Every New York, New Jersey, or Connecticut restaurant and hospitality owner should have this coverage. Business equipment insurance is as important to your business operations as the equipment itself.
Our reliance on telephones, computers and electrical systems has made business run faster and more efficient, but machines do break down. Your company is dependent on a variety of machines to communicate with customers and to create, store, and sell your products.
Your current property/casualty insurance probably only covers damage to the building from external things such as fire damage or a flood. However most policies do not cover damage from internal causes such as mechanical failure, an electrical short circuit, faulty wiring, or a motor burnout. RSI Insurance understands that damaged equipment can equal lost income, so we offer a broad range of insurance policies for equipment breakdowns, in order to keep business running smoothly. For example:
- A power surge could damage your computer network.
- Your electrical system could short circuit, causing your business to shut down temporarily.
- An employee might overload an electrical current by plugging too many things into the wall, which might damage your only production machine.
- Newer technologies, such as fragile electronic and computerized equipment, is subject to breakdowns that can be more frequent and costly than traditional mechanical equipment.
- Your boiler or heating and air conditioning systems could breakdown or have a failure.
Business equipment insurance covers equipment that is crucial to your success
"People should think of equipment breakdown insurance coverage as being like accident, health and disability insurance for your companies equipment," says Ira Holm, President of RSI Insurance.Unfortunately most regular commercial property insurance policies often exclude losses related to equipment breakdown. Equipment breakdown coverage protects against breakdowns caused by boiler damage, power surges,operator error, mechanical breakdown and motor burnout. It can pay for:
- The cost to replace or repair the broken equipment
- Costs related with the time and labor to replace or repair the equipment
- Business income losses when a covered breakdown causes a partial or total business interruption
- Other costs incurred to limit the loss or speed up the restoration
- The cost to replace the spoiled stock or materials
Find competitive pricing and superior service with RSI Insurance
For the last 20 years we have been meeting the insurance needs of our clients throughout the Metropolitan New York – New Jersey area and as an independent insurance broker we work for you…not the insurance companies. We will always place your best interests as our top priority and we shop the markets to find you quality coverage with the lowest rates available. Give us a call to get a free New york New Jersey equipment breakdown insurance quote customized to suit your business needs. 914 332-1700 or email us at email@example.com.
Q) What can RSI do for me that my local agent can't?
A) As specialists we can tailor a policy for your specific needs and budget. As a high volume broker in this class we can negotiate reduced prices from the carriers.
We will be happy to provide you with a quote. Give us a call at 914-332-1700; email us at : firstname.lastname@example.org, or complete the online application by clicking the quote button. The quote is free and carries no obligation of any type.