Commercial property insurance can safeguard many of your assets. If you own freezers, your coverage may help reduce the risks those pieces of equipment present.
It's critical to customize your business insurance plan to reflect the specific types of equipment you own. If a freezer stops working, you'l need help right away. A comprehensive plan can help you ensure that is possible.
When Does Commercial Property Insurance Cover Freezers?
Commercial property insurance provides asset protection in many situations. If an incident occurs that's covered under the policy, your insurer can help pay for repair or replacement. In some cases, it may cover replacement of spoiled items that had been stored in the freezer.
What are some covered incidents? Consider the following:
- A fire causes damage to the freezer. The fire department ruled the fire accidental.
- A lightning strike causes an electrical short. The short sends out a surge that damages the freezer.
- The freezer stops working due to vandalism, theft or another covered, man-made problem.
When Doesn't Commercial Property Insurance Cover Freezers?
Keep in mind that business insurance policies will not cover freezers. For example, your policy will likely not provide coverage for some standard repairs for normal wear. Insurers also do not cover problems that arise due to poor maintenance.
Here are some examples of problems that might not be covered:
- The freezer stops working due to ice buildup, but there's no record of annual maintenance.
- The freezer motor wears down because it is past its life expectancy.
- The equipment stops working because of a frayed electrical cord.
- The system is unreliable due to a faulty thermostat.
- A drain clog leads to the system not draining well. Over time, it stops working efficiently.
What Can You Do To Ensure Coverage?
To avoid footing the bill, keep up with maintenance on equipment. Keep a log of all types of maintenance performed, too.
Any time an incident with your freezer is accidental and unavoidable, contact your business insurance agent. Your policy may help cover emergency repair services, so you don't lose your product. And for large-scale events, you may also have business interruption coverage available.
Many commercial property insurance plans can help reduce your risks regarding freezer damage significantly. This can help keep your business open and operational after an event.
Get covered today. Call Bruening Insurance at (800) 293-0131 for a Florida commercial property insurance policy.