When you manage your own business, it’s imperative that you think of ways to secure your investment assets, like equipment units. A shipping container mounted generator is an asset that plays a big role in your daily business operation. If you are in the process of customizing a shipping container mounted generator insurance policy, here are different types of protection coverage you can include:
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General liability
This type of protection covers the business owner by extending financial assistance if a lawsuit is filed after an accident resulting in injury or property damage, and a lot more.
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Product liability
Another type of protection ideal for your shipping container mounted generator insurance is product liability. This means you are protected in the event somebody sues you for negligence due to an inferior product.
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Business interruption
There are unavoidable events that will mean your business’ operation comes to a stop. If this happens and you have business interruption protection coverage as part of your shipping container mounted generator insurance, you can be compensated for loss of earnings.
How to find the right insurance policy
You can’t simply buy just any insurance offered by a prospective insurance company. You need to do your part in order to gain the most benefit after purchasing shipping container mounted generator insurance. Here are a few strategies to ensure you find the right insurance policy to protect you against any negative incident.
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You need to be choosy when it comes to buying a shipping container mounted generator insurance policy. If you have to review many policies then do so, to avoid buying the wrong insurance policy.
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If you need to hire a licensed insurance broker, see to it this person has expertise with equipment and machinery insurance products.
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Know your legal rights when you have to file an insurance claim.
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If you want to include additional protection coverage, ask the insurer if you can get a discounted price.
What happens if you can’t find the ideal insurance policy you want for your business?
If after the tiring process of meeting with insurers and discussing your personal concerns for buying a shipping container mounted generator insurance policy, you can ask if they have the capacity to customise it according to your specifications. Remember, even if there are many generic types of insurance products being sold in the marketplace, it’s still best that you have the benefit of tailoring an insurance package that suits your needs.
Still can’t make a wise decision about where to entrust your first insurance purchase? I suggest you work with a reputable licensed insurance broker who knows the ins-and-outs of the insurance industry and is knowledgeable about the type of protection coverage you want for your potential shipping container mounted generator insurance. The broker may be your key to finding the right insurance policy to protect you against all levels of risks involved as you carry out your business’ daily operation.
Truck Insurance HQ are here to help you and make sure you get the best Insurances to suit your needs. You can request a quote online or call us on 1300 815 344 now.