Shield Profits Equipment Breakdown Insurance Manufacturers Need
Cost Considerations and Insurance Options
The cost of equipment breakdown insurance varies based on several factors, including the size of your operation, the types of equipment you use, and your claims history. On average, manufacturers can expect to pay between $500 to $1,500 annually for this type of coverage3. However, this investment can save you thousands in the event of an equipment failure.
When searching for the right policy, it's crucial to browse options and compare different insurers. Factors to consider include the coverage limits, exclusions, and any additional benefits offered. Many insurers provide customizable policies tailored to the specific needs of manufacturers, ensuring you get the best protection for your business.