• Home News Business Insurance Brokers Explain What Equipment Breakdown Insurance Covers

Business Insurance Brokers Explain What Equipment Breakdown Insurance Covers

Posted 26 Dec-2019 04:38 PM by Alec | 48

Los Angeles, California (pressreleasepower) December 26, 2019 - MFE, a business insurance broker, recently created a blog that explains "what does equipment breakdown insurance cover." If your business requires any kind of mechanical gear to operate, this type of insurance is essential to protecting your investments.

Equipment breakdown insurance is a type of business insurance that covers the cost to repair broken equipment, as well as the loss of income and inventory as a result. For example, if you operate a laundromat and one of your machines stops working, equipment breakdown insurance will pay for the cost of a new machine and reimburse you for any income you lost as a result of the breakdown. It can also pay for income lost as the result of a power outage and subsequent slowdown of business if you're unable to process payments for an extended period of time. Commercial business owners in a range of industries, including manufacturing, client services, and technology, can avoid paying for repairs out of their own pockets and maintain their sales projections thanks to equipment breakdown insurance.

There are five categories of equipment that a breakdown insurance policy covers. These consist of mechanical, electrical, computers and communications, HVAC and refrigeration systems and boilers and pressure equipment. For each of these categories, insurance will pay for the cost to repair or replace the item, including time and labor; income lost; spoiled products, particularly food and other perishables; and expenses incurred during the restoration period. Equipment breakdown insurance does not cover software or damage caused by external forces, such as a fire. It also only pays for expenses up to your policy limit, so speak to an insurance broker to ensure that you're properly covered for major incidents.

Contact MFE Insurance for more information about equipment breakdown insurance or to inquire about the agency's comprehensive business insurance coverage, including worker's compensation, errors and omissions, and general liability insurance. MFE specializes in providing customized insurance packages to restaurants, nightclubs, film production companies, and other businesses within the entertainment space, and its experienced insurance agents can assist you in choosing the right policies for you based on your equipment, number of employees, and type of business. The brokerage can be contacted at 213-266-7990 or online at https://www.mfeinsurance.com. MFE is headquartered in Los Angeles and serves clients across the country.

###


Company Information

Company Name Contact Person Contact Number Email Id Website
MFE Insurance Alec Roberts -1 [email protected] https://www.mfeinsurance.com

Latest News

Mark Diamond’s Jewelers Provides Special Financing for Engagement Rings and Fine Jewelry Excluive

Albuquerque, New Mexico (pressreleasepower) February 24, 2020 - With over 48 years of experience in the industry, Mark Diamond's Jewelers, one of the ...Read More


Avail Benefits of Hiring Trade Show Models Excluive

Trade show models can be a great addition for any convention or trade show, but you want to make sure they are the right fit for your company. Models ...Read More


Stylist Anthony Edward Launches New Skin Care Line GenderLogica for all Genders and Skin Types Excluive

GenderLogica is affordable line of cruelty-free and fragrance free skin care products made with premium grade ingredients for all genders and skin typ...Read More


Giner Lab Goes Freestyle With Lab Flooring Installation Excluive

Newton, MA and Avon, MA, February 20, 2020 -- SelecTech, Inc., a leader in the manufacture of innovative flooring products with long-term value and im...Read More


Edinburgh Letting Agent Celebrates Strongest Year to Date Excluive

Clan Gordon, founded by brothers Andrew and Jonathan Gordon in 2008, has seen its properties under management grow by three per week on average, with ...Read More


EVERYONE MUST KNOW ABOUT THE TYPES OF HEART ATTACKS Excluive

Heart diseases are extremely common all over the world; but, the rising of disease statistics is a cause for anxiety. Each and every heart condition i...Read More


JC Howell Teams with WWII Soldier James Dorris to Examine the Purpose of Life Excluive

A Dachau liberator’s tale told by an expert storyteller will reignite readers’ search for personal meaning in today’s world.DALLAS, Tex. — Wor...Read More


Cleaning Supplies For Businesses: What You Need to Know Excluive

Looking for cleaning supplies for your business online, it can be hard to determine what provider to use. There are some characteristics of companies ...Read More


Discovery Map's Sam and Ann Douglass celebrate 25 years of Making Maps, Friends and Memories Excluive

Laconia, NH, Camden, ME, Rockland, ME, Hampton Beach, NH, Kennebunkport, ME, Wells, ME, York, ME, Ogunquit, ME, and Waitsfield, VT, Feb 15, 2020 -- In...Read More


Boost your sales by Choosing the Best ecommerce seller support service Excluive

When all is said in done, online business is characterized as the offer of items and services utilizing system associations gave by the web, including...Read More


Choose Rhino Pressure Cleaning for your High Pressure Cleaning Roof Tiles Excluive

If you are looking for services which would help you in maintaining your home and your commercial space without doing anything, then going for Rhino...Read More


Warm, Wet Winter Means More Bugs. Go-Forth Pest Control Anticipates Heavier Insect Pressure this Spring Excluive

Go-Forth Pest Control anticipates heavier insect pressure this Spring. This winter has been especially warm and wet. This means homeowners should be p...Read More


Altius Technologies Ready to Network at Digital 1to1 Barcelona Excluive

What would be a better opportunity to connect with industry experts than getting a chance to interact with them on a personalized one-on-one level? Th...Read More


Gong Cha Announces A New Store In Brooklyn With 15% Off On All Purchases Excluive

New York, USA - The long wait is finally over. Gong Cha, manufacturer of the best bubble tea in the world, is opening a new franchise in Brooklyn, New...Read More


StoneFly Announced Disruption-Free Live VMware VM Migration DTDs Excluive

StoneFly, Inc. the original innovator of the iSCSI protocol and a recognized leader in the data storage, hyperconverged, and backup and disaster rec...Read More


Agadir, An Integrated Economic Hub and Locomotive for the Entire Region Excluive

In the framework of the Industrial Acceleration Plan launched in 2018, the King of Morocco inaugurated the City of Innovation and launched the Agadir ...Read More


US Capital Global Business Credit Income Fund Launches Capital Raise in Fourth Year of Performance Excluive

Private investment fund providing direct loans to highly promising businesses publishes performance figures over the past three years and initiates ca...Read More


Gong Cha Grand Opening Of Lotte Plaza Market Store Excluive

New York, USA - Gong Cha, the best bubble tea manufacturer in the United States and all over the world has now opened a new franchise in the Lotte pla...Read More


Buy Branded Food From Online Grocery Shopping Site Basketor in Faridabad Excluive

Faridabad,Haryana,India – February 11, 2020 Basketor have collection of three thousand imported products from US, UK, Thailand, Taiwan and West ...Read More


How to Combat Dead Skin Issues During Winter Excluive

Winter is a time when the health of our skin is tested. We often find ourselves itching and battling against dry and dead skin that causes irritation....Read More


Angelo Sferrazza Talks About Why In the Year 2020 is a Good Time to Start a Business Excluive

With the corona-virus affecting a lot of the stocks in the stock market this makes a good opportunity to get good deals on buying businesses.Cincinnat...Read More


Recent Releases