Mechanical Breakdown Insurance
Minimizing downtime and repair costs when essential systems fail.
We are Workers Compensation experts
We have over 30 years of writing workers compensation for all types of industry. Whether your account is small or large we have the carriers that can put the right plan together for your company. Our process is simple and designed with your time in mind. We have relationships with all of the premier workers compensation underwriters in the country.
Let us review your Workers Compensation program and see if we can help you!
- We represent and partner the most competitive Workers Compensation carriers in the country.
- Our expertise is in being creative on accounts with challenges and finding the right program to address their specific issues.
- Minimum premium $ 7500.
- Call us for a no obligation review.
What we need to get started on your quote:
- Annual Payroll Estimates by WC Classification
- Your Federal ID#
- If you have 3 years of loss runs great, If not we can order them for you
Mechanical Breakdown Insurance
Minimize Risks to Keep your Business Running Smoothly
When you own your own business, it’s important to protect your equipment and keep it safe. Obviously, without functioning equipment you lose money and business. This is why it is so important to have your equipment insured. While most business owners see the need for basic insurance, many don’t think about mechanical breakdown insurance and all its variables. Including coverage for mechanical breakdowns in your policy helps secure your overall business insurance package by guarding against costly repairs.
Features of Mechanical Breakdown Insurance Policies
Mechanical breakdown insurance can cover lost income due to mechanical breakdowns that happen in your business, including losses due to faulty machinery and vehicles. It is also important to make sure your insurance covers liability. When a mechanical breakdown occurs with your equipment, an employee or customer could be injured. There are many policies that can be applied to various business risks that involve the possibility for mechanical breakdowns and their effects. Lighthouse Commercial Insurance, Inc. agents are more than happy to speak to you about your options.
Call our office to find out how you can be completely covered in the event of a mechanical breakdown. We can help you make sure you have the best possible coverage, including liability that could result from a breakdown. If you are an existing customer, call our office to get an insurance tune-up to make sure your mechanical breakdown insurance policy is up to date.
Insurance rules vary from state to state and it is important to have an insurance agent that understands these differences. If you work in more than one state, you may need additional coverage. We can help you determine whether or not additional licensure or coverage is necessary.
Businesses may also encounter liability issues if an employee or member of the public is injured due to a breakdown. Liability coverage is also essential, especially if you use equipment such as lawn mowers or hazardous construction equipment, or work in precarious locations like scaffolding or rooftops, where an employee or a member of the public could be injured. When you are working on another person’s property or business, your personal liability risk increases as well as your liability for damaged property.