Equipment Coverage

Your Frisco Equipment Coverage Insurance Agent

As an independent insurance agent, Parkwood Insurance can get you the best coverage for your equipment. 

When your computers, machines and other equipment work properly, your business runs smoothly. But what happens when a vital piece of equipment breaks down? You’re business grinds to a halt while the equipment or wiring is repaired or replaced.  

Business equipment insurance eliminates that risk by covering your equipment repair costs and reimbursing you for lost income. Parkwood Insurance has you covered. 

Why Do I Need Equipment Coverage?

Nearly every business needs equipment coverage. 

When equipment fails, your productivity is affected. Equipment breakdown is more than annoying. It hurts the bottom line.

What Does Equipment Insurance Cover?

Equipment breakdown insurance, sometimes called boiler and machinery insurance, typically covers the following equipment-related issues:

Pays to fix or replace failed equipment
Reimburses for labor and time costs to fix or replace failed equipment
Replaces lost business income due to equipment failure that leads to business stoppage
Reimburses for loss of materials or related goods, such as spoiled food, due to equipment shut down

How To Get The Best Equipment Coverage in Frisco

When you set up your equipment insurance, make sure you get enough coverage for your equipment and the collateral damage equipment failure causes. This includes potential lost income while equipment is down, property damage that results from equipment breakdown or damage due to one machine causing damage to other machines.

As an independent insurance agent, we can help you weigh the costs and the benefits of business equipment insurance and help to identify the specific coverage and limits you need..