Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Equipment Breakdown insurance will cover losses due to an electrical or mechanical breakdown of any type of business equipment. The insurance will cover the cost to repair or replace the equipment, the lost income due to the equipment failure, spoiled inventory if you sell foods and all related expenses.
Business Interruption insurance covers lost income when your business suffers from fire, theft, earthquake and other natural disasters. It covers lost profits during the rebuild, as well as expenses like electricity bills, employee wages that are required even if your business is temporarily closed along with the expense of moving your business to a temporary location.
Professional Liability (E&O) insurance covers mishaps that occur due to the errors and omissions within the advice or the services you provide. The insurance will cover the legal fees, court fees, and other related expenses to get your business back on track.
General Liability is one of the most important insurances for your business. The insurance covers property damage, third-party injuries, advertising mistakes, and other related risks by paying the costs of these claims until it’s covered limits. The insurance will cover all legal expenses if your business is sued, including evidence costs, witness fees, judgments, and settlements.
This industry is made up of establishments that specialize in the manufacturing of various kinds of equipment. This ranges from heavy equipment, such as vehicles, oil drilling machinery, and airplane parts to much lighter equipment, such as radio amplifiers, television circuits, overhead projectors, fans, and filters. This industry also includes the manufacturing of welding and soldering equipment, lighting, engines and engine parts, elevators and general computer equipment.
Equipment manufacturers face many risks, and if it is not mitigated any of these risks could cost your business a huge financial loss. In fact, some businesses are forced to close from a liability lawsuit alone. Insurance is your business’s safety net. The insurance will cover the costs until its covered limits.
Starting an equipment manufacturing business has many risks including:
The cost of your insurance depends on the size of your business, the type of services you offer, the number of employees you have, your financial capacity and many other criteria.
To determine the cost of your insurance, use our online assessment or simply give our customer service representatives a call.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.
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