Equipment Breakdown Coverage for Beauty Care Businesses
We offer critical insurance for your most important equipment.
Safeguard your beauty care business with equipment breakdown coverage
Whether you’re running a boutique salon or beauty bar, your equipment is a major investment—and it deserves protection. Equipment breakdown coverage goes beyond basic warranties or property insurance to also cover business interruption, operator error, and damage caused to other property due to an equipment breakdown.
What things does equipment breakdown insurance cover for beauty care businesses?
Damages caused by the following are examples of losses that can be covered by equipment breakdown insurance:
- Power surges
- Electrical short circuits
- Electric arcing
- Loss of lubrication
- Mechanical stress
- Metal fatigue
Equipment breakdown insurance does not cover: deterioration; corrosion or erosion; wear & tear; leakage of valves; shaft seals, joints or connections; vibration or misalignment. However, breakdown resulting from these items can be covered.
Equipment covered by equipment breakdown insurance
Equipment breakdown coverage will cover a wide variety of equipment:
- Computers & phone systems
- Printers, scanners & photocopiers
- Laser/IPL, electrolysis, microdermabrasion equipment
- Spa pedicure chairs
- Air conditioning & ventilation systems
- Electrical systems (transformers, electrical panels, wiring)
- Cash registers & inventory control systems
- Fans, motors and pumps
- Boilers
Does beauty care equipment breakdown coverage include anything else?
Not only does it cover the equipment, but it can also cover indirect damage that can have a financial impact on your business such as:
Business Interruption
Reducing or eliminating your company’s cash flow.
Extra Expenses
Expenses you incur to continue to operate.
Lost rental value
Lost rent if sub-letters don’t pay rent due to the breakdown.
What if my equipment is new or covered under a warranty or full service contract?
In this case, there is an important question you need to ask: “Will the warranty or service contract pay for business interruption, resulting damage, or operator error?”
35% of all equipment breakdown accidents result from operator error—do not be dissuaded by the fact that the equipment may be new and unlikely to fail.
With PROtique, you can add equipment breakdown coverage to your insurance policy.
Tenants do need equipment breakdown insurance to cover:
- Direct damage to your own computers, phone equipment, printers, point of sale system, etc..
- Service interruption for accidents to public utilities or landlord’s equipment servicing the location. Failure of this equipment creates a business interruption.
- Most commercial leases now insist on equipment breakdown insurance to cover your responsibility for the air conditioning, ventilation and electrical systems.
Why trust Acera Insurance and PROtique for your equipment breakdown coverage?
Since 1998, we’ve protected beauty care professionals with custom small business insurance. We understand the importance of providing peace of mind, so you can focus on what you do best: serving your clients. Let us customize a PROtique policy that’s perfect for your business, ensuring you’re covered for the risks that matter most.
Ready to get a beauty business insurance quote?
Enter your information into our digital tool to get a no-obligation quote – you can even pay for your policy online!
This highlights some of the coverages available with equipment breakdown insurance – actual coverage depends on the type of policy purchased. Refer to policy wordings for complete information on coverages, limitations and exclusions.