Equipment Breakdown Coverage

At AxeThrowingInsurance.com we pride ourselves on education. When you purchase insurance, you are not just covered. There are a lot of bells and whistles or extra coverage line items that do not come standard. One of those bells and whistles is part of your property insurance and it is called “Equipment Breakdown Coverage.”

A bar, like any business that relies on specialized equipment to operate, could benefit from equipment breakdown coverage. This type of insurance provides protection against the financial losses that can occur when equipment essential to the operation of the business breaks down.

In a bar, there are a number of pieces of equipment that could be considered essential, including refrigeration systems, dishwashers, and POS systems. If any of these were to break down, it could disrupt the operation of the bar, potentially leading to lost revenue, spoilage of perishable goods, and a reduction in customer satisfaction.

Equipment breakdown coverage can help to mitigate these risks by providing funds to cover the cost of repairs or replacement of the damaged equipment, as well as any losses or expenses incurred as a result of the breakdown. This type of coverage can also provide access to expert repair services, which can be critical in getting equipment back up and running as quickly as possible.

Overall, equipment breakdown coverage can be a valuable addition to a bar’s insurance portfolio, helping to ensure that the business can continue to operate smoothly even in the face of unexpected equipment failures.