Purchasing hi-tech equipment to operate within your place of business can be a significant investment. Use the guidelines below to classify equipment and provide it with the commercial insurance protection you need.

Equipment Classification

Retain receipts for all the hi-tech equipment that you own. The receipts will indicate when the equipment was purchased and the model number for each purchase. This information can be useful if you ever need to file an insurance claim.

After purchasing the equipment, classify it. Determine the use value of each item and the location where it will be used. Classifying the equipment may benefit you when you are ready to add the investments to your existing commercial insurance policy.

Installation and Operation

Pay close attention to the installation and operation of your hi-tech equipment. It is critical to set up the equipment properly. The location where the equipment is installed should be secure and dry.

Knowing how to operate the equipment properly may prevent accidental damage to the equipment. Each person with access to hi-tech equipment should be adequately trained to use each item you have purchased.

Maintenance

Proper maintenance will prevent operational failures. The techniques used could increase the amount of time your equipment is usable. Maintenance should be performed at scheduled times.

Additional Information

Contact an agent who serves the Buena Vista, VA region. An agent from Stonewall Grace Insurance will sit down with you to discuss the types of hi-tech equipment that you own. They will prepare a business insurance policy that provides the equipment with the insurance protection that you have requested.