Your franchise relies on equipment every day for every customer, but how to prevent equipment malfunction?

Freezers, fryers, grills, ovens, ice machines and other appliances can break down regularly and at a high cost. Beyond appliances, HVAC systems, computers and point-of-sale systems that are critical to running your business can also fail.

If your equipment were to malfunction or break, it would disrupt your day-to-day operations. But with the right maintenance and preparation, you can keep your business running smoothly.

How to Prevent Equipment Malfunction for Franchise Businesses

Whether the best freezer on the market or a state-of-the-art fryer set up, your equipment is vital to business operations. Implement these tips to prevent and prepare for equipment malfunction:

Proper installation and use

Carefully oversee all equipment installation and setup. Train staff on the proper usage of equipment. All employees should understand how to troubleshoot equipment and the standard safety measures when using the equipment.

Routine maintenance

Schedule maintenance checkups on your HVAC system at least twice per year. Often spring and fall are the best time to schedule HVAC checkups, but older units may require more frequent maintenance checks. Have kitchen equipment cleaned and serviced regularly.

Keep records

Keep records of purchases, installations, product warranties, maintenance and more.  Documenting this information will guarantee that other inspections and maintenance will be done at the proper times and ensure a longer life for the equipment.

Equipment breakdown insurance

Equipment breakdown coverage, also known as boiler and machinery insurance, protects against expenses related to sudden, accidental and unexpected equipment breakdowns. It is often used by businesses that rely on computers, manufacturing equipment or refrigerators.

Property insurance

While property insurance does not cover equipment malfunction, it will cover damage caused to your property by the equipment malfunction.  For example, if your freezer malfunctions and floods your kitchen and ruins the flooring, property insurance would cover the flooring replacement.

Property insurance will also replace equipment that is stolen or damaged by weather-related incidents that your property incurs.

Protecting your business

With the proper maintenance and preparation, you can prolong the life of your equipment and keep your business running smoothly.

Explore more risk management tips from Lockton Affinity or request a price indication for business insurance today.