How to make the most of equipment insurance for small businesses

Computers

For some small businesses, their equipment is everything. A variety of equipment can be used for businesses, such as large manufacturing machinery, or even simple computers for day-to-day work. Needless to say, regardless of the type of equipment, it is crucial for businesses to ensure they are insured and able to recoup any losses if there are issues with their equipment. Today, we’re going to give you our advice on the best insurance to get as a small business.

What is plant and machinery cover?

Plant and machinery cover is a type of insurance that helps to protect large machinery. With these types of machines, there are many things that could go wrong in order to cause breakage or fault. In addition, theft is an issue that could happen to the machinery, or even just to parts of it. Protecting yourself with insurance can stop these issues.

But, it’s also important to note what you can’t claim on plant and machinery cover. For example, damaged or broken machinery due to moth or vermin, or even faulty manipulation can stop you from claiming. Further, damaged (or stolen) machinery in transit when not properly contained, could stop you from making a claim. This cover will also not reimburse you for revenue lost due to the damage or destruction of the machinery covered.

What does contents insurance cover?

For damaged equipment, you can save money by using contents insurance. While plant and machinery cover help to protect larger scale equipment, contents insurance can help to keep you insured against damage to much smaller equipment. For example, if computers are a key piece of equipment at your workplace (as they are at most), getting contents insurance can help to cover you if there is any damage to these computers. This is especially important, considering computers are at extremely high risk when it comes to theft.

Contents insurance can also help to cover you against loss or damage of tools. As well as this, you are covered for any damages that could come to any moulds, models, patterns, or templates that could be used in combination with other machinery.

Why should I get these insurances?

For a business, losing a crucial piece of equipment can be debilitating. Covering your business correctly is important, or you could lose a lot of money. It’s crucial to make sure that all of your important equipment has the correct cover so that you can resume operations as soon as possible when issues arise.

How we can help!

At Trevellyan Insurance Brokers, we want to help businesses not be at fault, insuring with us today can help you keep you secure and safe in your hands. We make sure that you are covered and also keep you insured.

As brokers, we can help you find a policy that is at the best price.

We can offer you a quote that is suitable for you and right for your business.

Contact us today on 0207 537 6603 or leave us an email at info@trevellyaninsurancebrokers.com


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