Consequences of an equipment breakdown (biico.com)
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What are possible consequences if your business suffered equipment breakdown?
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Consequences of an equipment breakdown (biico.com)
- 1. The Boiler Inspection and Insurance Company of Canada Consequences of an equipment breakdown Production stops How will you deliver your order? Renting equipment increases costs If customer can’t wait, may cancel order You may suffer loss of revenue You could suffer damage to your reputation Personal injury may also result © 2012 The Boiler Inspection and Insurance Company of Canada. All rights reserved. 1
Editor's Notes
- Think about it. Imagine the consequences of a machinery breakdown. - Immediately, you will need to stop production. - How will you deliver your order? - If you don’t have additional production lines, you may need to find alternate production facilities or rent another machine, which will increase your costs. - What if your customer can’t wait? Your order may be cancelled. - Which means you will suffer loss of revenue, and - Possible damage to your reputation. - Personal injury could also result from the machinery breakdown.