When it comes to protecting your business, our team of insurance professionals at Knippenberg Insurance Inc. in Cumberland, MD knows how scary and devastating theft can be to your company’s success. Your business is most likely your livelihood and legacy. If you have employees who rely on your business to support their families and households, the time and resources lost when equipment is stolen can have disastrous consequences.
When you don’t know where to turn after this difficult experience, our insurance agency may be able to help.
Does Commercial Insurance Cover Stolen Equipment?
On top of the impact of stolen equipment on you and your employees, lacking your typical equipment frequently means that your customers and clients will also suffer the consequences of not receiving their goods or services on time. This can hurt your reputation as a business that provides reliable and trustworthy products or services. It can also lose business as customers get impatient and take their money elsewhere.
What’s more, your company can struggle to pay for the replacement of the equipment that fell into the hands of thieves. As a result, it can jeopardize your business depending on your company’s financial situation. In this scenario, you will probably be inclined to explore different ways to pay for the lost items’ replacement. If you have commercial insurance, that may be your first line of defense if your policy covers stolen or damaged equipment that’s part of your business. As long as your commercial insurance policy provides coverage for equipment and tools related to your business, you may be able to recover some or all of the costs associated with replacing them.
Schedule A Consultation Today!
To explore commercial insurance options and cover your business, call our office at Knippenberg Insurance Inc. in Cumberland, MD today!
