In Mississippi, $3,120,632,000 commercial insurance claims were paid last year alone. Protection for your operation can be confusing if you're not a licensed professional. Mississippi business insurance can also include equipment breakdown coverage.

A Mississippi independent insurance agent will help find a policy that fits your needs. They do the comparing and reviewing for you at no additional cost, making it a no-brainer. Connect with a local expert for custom quotes in minutes. 

What Is Equipment Breakdown Insurance?

Mississippi equipment breakdown insurance protects your property from a loss. It is different from your standard commercial property policy and covers separate things. Both are necessary to have sufficient coverage. 

• Equipment breakdown coverage: Will pay for the repair or replacement of equipment damaged by an electrical, mechanical, or pressure system breakdown.

What Does Equipment Breakdown Insurance Cover in Mississippi?

In Mississippi, equipment breakdown insurance will cover a variety of risks. It is separate from your other property coverages and will help protect your equipment from numerous outages. It will provide insurance for the following types of damage:

• Power surges
• Electrical shorts
• Mechanical breakdowns
• Motor burnout
• Operator error

Equipment can typically include the following items:

• Boilers
• Air conditioners
• Freezers
• Refrigerators
• Heavy machinery
• Contractors equipment

Equipment Breakdown Coverage under Home Insurance in Mississippi

The average homeowners insurance premium in Mississippi is $1,537 annually. Some insurance companies will offer equipment breakdown for your appliances automatically. Others will have you endorse it for an additional cost.

Household appliance market revenue in the US (in billion US dollars)

Appliances are expensive, and the expense can add up quickly if a power surge occurs at your home. If you have equipment breakdown coverage, you'll be prepared for the cost. 

Equipment Breakdown Coverage under Commercial Insurance in Mississippi

Business equipment breakdown can be a useful coverage for your commercial property. It can help a business pay for the following:

• The repair or replacement of damaged equipment
• Lost income resulting from damaged equipment
• Spoiled inventory like food or other products
• Additional expenses accumulated as a result of damaged equipment

Commercial equipment rental revenue in the US (in million US dollars)

If your company is in the game of renting out equipment to the public, the right coverage is necessary. The cost to replace or repair your business equipment can be hundreds of thousands of dollars. 

Does Business Property Insurance Cover Equipment Breakdown in Mississippi?

Your Mississippi business property policy will help pay for a variety of claims. One item that is usually excluded is equipment breakdown. Business property insurance covers the following items:

• Fire
• Theft
• Natural Disasters

Commercial property insurance will not cover power surges, electrical shorts, mechanical breakdowns, motor burnout, or operator error. A comprehensive approach to your coverage will have equipment breakdown protection in addition to your property insurance.

How to Connect with a Mississippi Independent Agent

Mississippi commercial insurance can be tricky when you're going it alone. Instead, consider using a licensed adviser for your coverage and premium questions. Equipment breakdown insurance typically has to be added and doesn't come standard on your property policies.  

Fortunately, a Mississippi independent insurance agent can help with policy and rate options that fit your budget. They do the shopping for you at no extra cost so that you can relax. Connect with a local expert on TrustedChoice to get started.