Maintenance and storage are also part of the deal. Regular care helps prevent equipment breakdown, and proper storage reduces the risk of weather damage and theft. Don’t forget to add extra equipment insurance on top of your business owners policy for each new item.
When you acquire new business equipment, follow these tips to stay safe and get the most out of your investment.
Train Your Employees (and Yourself)
Read the instructions before you set up or turn on your new equipment. You don’t want to invite (or cause) injuries, broken parts, or an equipment breakdown by mishandling things. And even if it’s a new version of a familiar machine, you should review the latest updates and features.
Heavy equipment can be dangerous even when handled carefully. Creating a pre-and post-operation heavy equipment safety checklist can help minimize the risk of harm to your employees and machinery.
Follow Manufacturer Best Practices
The equipment manufacturer should provide information about proper equipment storage and maintenance.
Follow all printed (or digital) instructions about where to store equipment. These will often include temperature guidelines and other recommendations to prevent rust, mold, and mildew. Storage facilities should also be secure to prevent equipment theft.
Equipment maintenance varies from machine to machine and often involves cleaning and treating applicable parts to prevent damage. The manufacturer (again) will provide recommendations.
Verify Equipment Insurance
New business equipment is always exciting. But don’t unbox anything until you speak to your agent about insurance coverage. They may suggest business property insurance (in addition to your business owners policy) because it goes beyond buildings and structures to cover your equipment, personal property, inventory, and more.
You want the appropriate protection before setting up or operating your new equipment.
Training, best practices, and adequate insurance coverage will help you keep your employees safer and make your new investment last. To see what it means to Be Uniquely Insured, find an independent agent who will work with Selective to protect you and your business.