When your business runs on equipment, it can be frustrating if an item stops working. This could slow down your operation and even cause a loss in profit. Fortunately, Kentucky business insurance has a solution through equipment breakdown coverage.

A Kentucky independent insurance agent can access multiple markets to serve you better. They'll even do the shopping at no additional cost. Get connected with a local expert for custom quotes in minutes. 

What Is Equipment Breakdown Insurance?

Kentucky equipment breakdown coverage can apply to both business and personal property. Your property insurance will not have coverage for equipment breakdown on its own. That's why both are necessary to have sufficient protection.

• Equipment breakdown coverage: Will pay for the repair or replacement cost of an electrical, mechanical, or pressure system breakdown.

What Does Equipment Breakdown Insurance Cover in Kentucky?

In Kentucky, equipment breakdown insurance will pick up the expense of your commercial property where your other policies lack. It will provide insurance for the following types of equipment and damage:

• Power surges
• Electrical shorts
• Mechanical breakdowns
• Motor burnout
• Operator error

There is certain property that is typically included under equipment breakdown coverage. Some of the most common are boilers, air conditioners, freezers, and contractors equipment.

Equipment Breakdown Coverage under Home Insurance in Kentucky

The annual average cost of homeowners insurance in Kentucky is $1,109. Your primary home policy may come with equipment breakdown coverage automatically. For some policies, you will have to add coverage for a price.

Industry revenue of household appliance manufacturing in the US

If you have an outage that takes down all your appliances at once, the cost to replace them could be high. It's critical to make sure you have your appliances protected from breakdown as well.

Equipment Breakdown Coverage under Commercial Insurance in Kentucky

Commercial property coverage will not come standard with equipment breakdown. Adding it can mean you have lower out-of-pocket expenses if a loss occurs. Equipment breakdown insurance can help a business pay for the following:

• The repair or replacement of damaged equipment
• Lost income resulting from damaged equipment
• Spoiled inventory like food or other products
• Additional expenses accumulated as a result of damaged equipment

Commercial or industrial equipment rental and leasing revenue in the US

The cost to replace or repair your business's equipment can be expensive. When leasing out equipment is part of your operation, you're not alone, and coverage should be reviewed for accuracy.

Does Business Property Insurance Cover Equipment Breakdown in Kentucky?

Your commercial property insurance generally pays for the replacement or repair of your damaged belongings. The one piece missing from coverage is equipment breakdown. Kentucky business property insurance covers the following items:

• Fire
• Theft
• Natural Disasters

If you have power surges, electrical shorts, mechanical breakdowns, motor burnout, or operator error, you'll need separate coverage. Equipment breakdown protection can be added to most commercial insurance for a comprehensive policy.

How to Connect with a Kentucky Independent Agent

Kentucky commercial insurance can be confusing if you're not a licensed professional. There are many different property coverages that your business belongings may need. Equipment breakdown insurance is a vital piece that is often overlooked.

Fortunately, a Kentucky independent insurance agent has access to numerous markets so that you can relax. They'll do the shopping for you at no additional cost, saving you time and money. Connect with a local expert on TrustedChoice.com for tailored protection today.