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Competition for Equipment in a Global Economy
"Global growth means higher cost and competition for equipment."
As the demand for equipment in the global economy grows, U.S. businesses rely more than ever on equipment manufactured in other countries.The soaring growth of Asian domestic markets, especially in China and India, is affecting the availability and cost of equipment. These countries compete on the world stage for resources, equipment and components.
For insurers and customers, increased demand and strained supply translates into equipment shortages, higher costs, longer delivery times, more delays and greater risk of business interruption.
HSB is a leader in equipment breakdown coverage. Our claim specialists work with repair contractors and suppliers nationwide to locate scarce parts and equipment so your customers get back in business as fast as possible.
