Businesses everywhere depend on equipment. Like many, you probably rely on specialized tools, furniture and appliances made just for your industry to operate. Even beyond these devices, there is standard equipment for any business, such as HVAC systems, computers and more, which are critical to running your business.

If your business equipment were to malfunction or break, it could disrupt your day-to-day operations. But with the right maintenance and preparation, you can keep your business running smoothly.

Tactics to Handle Equipment Malfunction Risk

Whether it’s a state-of-the-art tool or a new boiler, your equipment is vital to business operations. Implement these tips to prevent and prepare for equipment malfunction:

Proper installation and use

Carefully oversee all equipment installation and setup. Train staff on the proper usage of business equipment. All employees should understand how to troubleshoot equipment and the standard safety measures when using the equipment.

Routine maintenance

Schedule maintenance inspections on your HVAC system and specialized equipment at least twice per year. Often spring and fall are the best times to schedule inspections, but older units and equipment may require more frequent maintenance checks.


Keep records of purchases, installations, product warranties, maintenance and more.  Documenting this information will guarantee that other inspections and maintenance will be done at the proper times and ensure a longer life for the equipment.

Equipment breakdown insurance

Equipment breakdown coverage, also known as boiler and machinery insurance, protects against expenses related to sudden, accidental and unexpected equipment breakdowns. It is often used by businesses that rely on computers, manufacturing equipment or refrigerators.

Property insurance

While property insurance does not cover equipment malfunction, it will cover damage caused to your property by an equipment malfunction. It will also replace equipment that is stolen by thieves or damaged by weather-related incidents your property incurs.

Protecting your business

With the proper maintenance and preparation, you can prolong the life of your business’s equipment and keep your business running smoothly.

Explore more risk management tips from Lockton Affinity or learn more about insurance for your business today.