Why Your Business Should Use a Password Manager
To the average person, it’s too easy to forget a password and leave themselves vulnerable to account lockout, which can end up being a real hassle....
5 min read
Nick Stevens : Jul 23, 2025 10:10:25 PM
In today’s fast-paced business environment, your technology infrastructure isn’t just a tool—it’s the backbone of your operations. Yet many organizations overlook a critical vulnerability: what happens when hardware fails? Just like you wouldn’t drive without a spare tire, running your business without proper hardware protection is an unnecessary risk that could lead to costly downtime, lost productivity, and significant business disruption.
According to recent studies, IT downtime costs small to mid-sized businesses an average of $8,000 per hour. For larger enterprises, that figure can exceed $100,000 per hour. Despite these sobering statistics, many businesses remain underprotected when it comes to their critical hardware assets.
When critical infrastructure fails without proper coverage in place, the consequences extend far beyond the price of replacement hardware:
Hardware failures rarely happen at convenient times. In fact, they tend to occur during your busiest periods when equipment is under the greatest stress, precisely when you can least afford the downtime.
The global supply chain disruptions and parts shortages have created a particularly challenging environment for businesses:
An infrastructure protection plan provides a buffer against these market realities, ensuring you’re not left vulnerable when devices inevitably fail.
Standard warranties typically cover only manufacturing defects for limited periods. Workstation assurance plans go significantly further:
For business owners and executives, these benefits translate directly to operational stability and financial predictability—two essential components of sustainable growth.
With hardware costs continuing to rise due to global tariffs and supply chain issues, replacement expenses can create significant budget disruptions. A comprehensive workstation hardware coverage plan transforms these unpredictable capital expenditures into manageable operating expenses, allowing for:
To understand the true value of hardware protection, consider this simple calculation:
The resulting figure represents your potential loss for a single incident. Compare this against the predictable cost of comprehensive coverage, and the business case typically becomes clear.
Accidents happen in every workplace. Whether it’s a spilled coffee on a laptop, a dropped tablet, or damage during travel, the costs add up quickly:
With accidental damage coverage, these unexpected expenses become non-issues, allowing your IT budget to remain focused on innovation rather than emergency repairs.
One of the most valuable features of premium hardware protection plans is advanced exchange service. Rather than waiting for repairs:
This approach minimizes downtime and eliminates the uncertainty of repair timelines, giving you control over your recovery process.
Without proper coverage, the device failure response process typically involves:
With comprehensive coverage, this process collapses to:
The difference can mean thousands or even millions in saved revenue and productivity.
Forward-thinking organizations are moving beyond reactive break-fix approaches to hardware failures. Instead, they’re incorporating hardware protection into their broader business continuity strategies:
This integration ensures that when hardware fails—and it will—your organization can respond with confidence rather than chaos.
Traditional manufacturer warranties often fall short of business needs. Modern hardware protection alternatives offer:
These alternatives recognize that one-size-fits-all manufacturer warranties rarely align with how businesses actually use technology.
Start by conducting a thorough inventory of your current hardware assets:
This assessment provides the foundation for making informed protection decisions rather than relying on gut feelings or arbitrary budget allocations.
Small businesses often face unique challenges when it comes to hardware protection:
An effective protection strategy for small businesses should focus on:
These approaches help level the playing field, giving small businesses the same recovery capabilities as their larger competitors.
A mid-sized law firm was preparing for a major trial when their lead attorney’s laptop failed the night before proceedings began. With their workstation assurance plan in place:
Without coverage, the firm estimated they would have faced potential delays costing over $50,000 in billable time and potential damage to their client relationship.
When a critical server failed at a manufacturing facility:
The company’s CFO later calculated that the annual cost of their protection plan was recouped five times over in this single incident.
As a business leader, your focus extends beyond day-to-day operations to strategic risk management. Hardware protection represents one of the most straightforward risk mitigation investments available:
Just as you wouldn’t consider operating without business insurance, running modern operations without hardware protection represents an unnecessary and easily addressed vulnerability.
To determine if your current hardware protection approach is sufficient:
Then, speak with a qualified provider who can help design a protection program that aligns with your specific business requirements, risk tolerance, and budget constraints.
Remember: The most expensive hardware protection plan is the one you don’t have when critical equipment fails. Like that spare tire in your trunk, you hope you’ll never need it—but you’ll be immensely grateful it’s there when you do.
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