Posted on Nov 20, 2018
Irving Weber Associates Inc
In many businesses, equipment breakdown can lead to a business interruption very easily. This business interruption can be financially devastating, and could potentially even put a company out of business. Unfortunately, many business owners wrongly assume that their property insurance will cover any damages or breakdowns that occur with their equipment. However, typical property/casualty policies will only cover damage to equipment from “external” causes. That is, natural disasters such as a fire, flood, or even tree falling on the roof of the establishment.