When You Depend on Equipment to Do Business, a Breakdown Can Ruin Your Season.
Cannabis businesses have very valuable cultivation, processing and manufacturing equipment along with very high security systems. Standard property policies do not provide adequate coverage for that equipment. Coverage in the event of a loss can be found with equipment breakdown insurance for your cannabis operations.
Equipment breakdown covers losses resulting from breakdown of certain types of equipment including:
- Security and Alarm Systems
- Fire detection systems
- Heating and air conditioning equipment
- Telephones, copier, printers
- Computer controlled equipment
- Other electrical and mechanical equipment
For example: your computer system is damaged by a power surge or your processing equipment unexpectedly breaks down. This coverage helps pay for the cost to repair or replace the equipment itself as well as income lost from business interruption.
If your cannabisbusiness relies on its equipment, make sure you consider equipment breakdown coverage. Discuss our insurance policies covering equipment breakdowns by contacting us today.