Business insurance protects your company from a variety of different risks.
One of the most important parts of your business is likely its infrastructure. If something happened to the building out of which your business operates, you could face a devastating financial loss.
You may think that something tragic happening to your building is so unlikely that you do not need infrastructure protection. However, this type of business insurance protects much more than just the building itself. It also protects the things inside.
So, what kinds of risks does infrastructure protection cover?
Malfunctioning machinery
If your business relies on machinery to produce your product, then your success is directly linked to the reliable function of that equipment.
The problem with machinery is that it is not always reliable. There are so many moving parts inside of a piece of equipment that if one of them stops working, the entire machine could also cease to function properly.
If one or more of your machines stops working as well or breaks altogether, you will either need to either hire a repairman to fix it, replace a part or buy an entirely new machine. This could be extremely costly for your business.
Luckily, the right business insurance plan will include machinery in your infrastructure protection. You can't necessarily control the longevity of your equipment, and you should not have to find yourself in financial trouble because of an unexpected technical difficulty.
Broken equipment
Machines aren't the only imperfect aspect of your business. People make mistakes, too.
If you work in an environment with a mix of people, technology and machines, it's not uncommon for someone to accidentally break something.
For example, an employee drinking water at their desk could knock over their cup, spilling liquid all over the computer, keyboard or wiring. Someone can also jam the printer with too much paper or drop something fragile. Even using a machine incorrectly could cause it to break.
New employees are a higher liability risk, but even the most experienced employees make mistakes sometimes. It only takes a one-second lapse in attention for an accident to result in broken equipment.
That's why infrastructure protection can protect all kinds of company assets. Mistakes are more common than you may think, and your business should not have to take a hit because of a brief moment of carelessness.
Stolen property
When you start your business, you may not want to think about unscrupulous people impacting your success, but it's a very real risk.
Businesses are often the target of burglary because they can contain valuable merchandise and equipment.
There are several ways that someone could steal your property. A thief could walk into your store in broad daylight and use force to take what they desire, or someone could break in after hours when no one is around.
It's even possible that a dishonest employee could leverage their access to your business to steal supplies, merchandise or equipment. Or, if an employee quits or gets fired and holds a grudge, they could steal or break something on their way out as a way of targeting your business for personal reasons.
Who knows why people commit crimes against small businesses. The point is that some unpredictable events could cause damage or loss of property, causing financial harm to your business.
The right infrastructure protection plan covers everything inside of your business from all kinds of harm. People both inside and outside of your business can damage your infrastructure, and they can do it accidentally or on purpose. Your infrastructure also faces risk from natural disasters and other events outside of your control.
Even if you can't see something reasonably happening to the building in which your business operates, you should invest in business insurance. The right plan protects every aspect of your infrastructure.
Contact us today to learn more.
