Do you own commercial machinery that you plan on refurbishing? Changes made to existing machinery could increase the equipment’s overall monetary value and use value. As a result, you may decide to add more insurance coverage to your commercial insurance policy.

Machinery Considerations

Consider the type of machinery you own. Decide on the improvements that will be made during the refurbishment process. Some machinery may require new mechanical parts or adjustments to mechanical materials.

Some machinery may need to be cleaned and tuned up. The amount of work completed during the refurbishment process may influence the machinery’s overall value.

Commercial Insurance Types

Explore a range of commercial insurance products that will protect your refurbished equipment. After determining each item’s proposed monetary value and intended functional use, consider whether coverage will be adequate.

• Liability protection
• Theft and vandalism protection
• Inclement weather protection

Adequate liability coverage is important if the refurbished equipment could cause injury or damage to another person’s property. Liability protection will cover you if another party sues you.

If your equipment is prone to theft or vandalism, having personal property protection that covers criminal activity could be beneficial.

If the equipment is exposed to inclement weather, acquiring commercial insurance coverage that protects against natural disasters is a smart move.

Contact an Insurance Agent in South Carolina

One of our agents from Champion Insurance Agency will match you with insurance products that will protect your refurbished commercial machinery.

Set up an appointment to consult with an agent about your equipment. Once you provide details about the refurbished items, the agent will recommend insurance products to protect each piece of machinery.