3 Recurring Problems For Machine Dealers That May Require Coverage

3 Recurring Problems For Machine Dealers That May Require Coverage

Machine Dealer Insurance

When customers expect quality equipment and a machine dealer can not keep up with the demands due to everyday accidents, it can really dig into their reputation and finances. Here are a few problems that can happen in the daily dealings that may be covered by machine dealer insurance.

1. Renting Out Equipment

If a machine dealer rents out office or technical equipment for temporary use, there are several risks they run into with each order. They may include the client not returning the equipment, paying for their rental time or damaging the equipment. Each situation could call for machine dealer insurance to cover the losses.

2. Ordering Equipment With Faulty Parts

While you may be able to get a refund for ordered equipment, you might still have to pay hefty fees to return the items back to the manufacturer. Another case where you may lose money in this situation is if the manufacturer wants you to return the items and fix them for an extra fee.

3. Transportation Damages

Heavy or expensive equipment can easily become damaged while being transported to their destination, whether it is going to your warehouse or on the way to a client. It’s just as common for equipment to become damaged as it is being packed inside or lifted off the transport vehicle. Even if this problem isn’t all that common for some, when it is it can easily be covered by machine dealer insurance.