We've financed over 40,000 transactions
for business equipment from plumbing equipment to phone systems, security systems to healthcare software and waste oil heaters to vehicles.
However, homeowners insurance covers very
little for business equipment and does not support liability coverage, lost data or lost income in the workplace if such events occur.
Another report Tuesday showed
orders for business equipment rose in May for just the second time this year, indicating demand for American - made manufactured goods is stabilizing.
How to use depreciation and Section 179 asset expensing to deduct the cost of additional equipment for your business
One special feature included in AllTrips Executive are
benefits for business equipment: If it's lost / stolen, damaged or delayed by an airline or other carriers, insurance can reimburse reasonable costs for equipment rental, replacement and / or repair.
You might think your home insurance policy is enough, but the usual limit is only $ 2,500
for business equipment at home, and $ 250 for it away from home, according to the Insurance Information Institute.
For example, a business owner wants to borrow $ 1 million
for business equipment expansion... bank says great but if you die we want our money... so we want an assignment on your $ 5 million life insurance policy to secure the loan in the event you die... business owner says fine... then he dies AFTER buying the new equipment.
Most homeowners insurance policies only cover a maximum of $ 2,500
for business equipment in the home and $ 250 away from the premises, the I.I.I. reports.
For business equipment, machinery output posted a strong 1.7 % gain (1.7 % y / y) while electrical equipment production improved by 1.2 % (2.9 % y / y).
If you have purchased insurance for your business,
for your business equipment, or health insurance for yourself and employees, you can deduct these expenses for business tax purposes.
The typical homeowners insurance typically covers a maximum of $ 2,500
for business equipment and usually doesn't cover business - related liability, the I.I.I. warns.
A typical homeowners policy provides only $ 2,500 coverage
for business equipment, which is usually not enough to cover all of your business property.
The typical homeowners insurance typically covers a maximum of $ 2,500
for business equipment and usually doesn't cover business - related liability, the I.I.I. warns.