Write down the three steps to save machine from wear and tear.
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Answer:
In general, businesses that finance heavy equipment are responsible for keeping it in good working order. Returning it to the dealer in less than satisfactory condition can lead to all sorts of complications. The same is true for rental units, where damaging the property can lead to funds deducted from the security deposit or additional fees. Keeping your equipment safe from the prolonged effects of wear and tear is therefore vital in all situations.
Effectively managing wear and tear involves a mix of taking on maintenance tasks yourself and bringing in a trained technician when necessary. Some preventative maintenance tasks are simple and well within the skill set of nearly all business leaders and employees. You should conduct regular inspections of your heavy equipment, change fluids and make basic replacements of hoses, belts and other components you're comfortable handling yourself. A more in-depth, less-frequent inspection can also help identify small issues before they become more major. Determine where your own talents for and confidence in wear-and-tear repairs sits, then work with a local technician for more complicated repairs.
One of the biggest considerations for businesses when it comes to more significant repairs is the financial aspect. Regular inspections and preventative maintenance both help keep costs low, but many companies will occasionally run into the need for a more expensive repair. In combination with a proactive attitude about addressing wear and tear, an Equipment Protection Plan allows your organization to manage financial risk and receive support from highly qualified service technicians.
One other area to consider in terms of proactive solutions is Physical Damage Insurance. Frequently used to address theft, vandalism and similar covered perils, this type of protection allows your business to have confidence in a strong backup plan should an unpredictable emergency occur. Commercial General Liability Insurance, in a related way, offers protection for your business as a whole. While not directly applicable to wear and tear, Commercial General Liability Insurance helps protect your company from big-picture considerations like property damage and medical payments.
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