The hidden costs of equipment breakdown
Unreliable equipment can be the death knell for a business, with the costs of equipment failure and downtime tricky to accurately predict and calculate.
Every business likes to keep its costs low. And, the more insurance you need, the higher your premiums will be. But there are other factors that can affect the cost of your insurance premiums, your cover, and the excess you pay.
Understanding the insurance market can help you identify which risks are more costly to protect, so you can better focus your risk management activity, and potentially reduce your insurance costs.
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Photo by Joshua Rodriguez on Unsplash
Unreliable equipment can be the death knell for a business, with the costs of equipment failure and downtime tricky to accurately predict and calculate.
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