Business Equipment Insurance

Business Equipment Insurance for Small Businesses

If you have any vital business equipment you use for your work every day, business equipment insurance can cover the cost should you need to replace it. It can even provide cover if your equipment is lost, damaged or stolen.

Key features and benefits

• Single, flexible policy — tailor-made to suit your requirements.
• Expert advice to explain the finer details of your cover.
• Receive a lump sum to replace your equipment.
• No mid-term amendment fees should you need to make a change to your policy.
• On-hand support throughout the life of your policy via your dedicated adviser.
• Access to a 24-hour legal helpline.
• Flexible payment options including direct debit.
• Access to documents anytime, anywhere via our secure portal.

What is business equipment cover?

Business equipment insurance can cover replacement costs for specialist equipment you use in your day-to-day work.

What does our business equipment insurance cover?

• Electrical equipment.
• Portable tools and equipment.
• Portable machinery.
• Loss, damage or theft on premises and offsite.
• Business equipment such as mobile phones, tablets, laptops and computers.
• Owned plant.
• Hired-in plant.
• The cost of replacing lost, stolen or damaged business equipment.

Business equipment insurance can protect you against:

• Fire.
• Theft.
• Flood.
• Malicious damage.
• Accidental damage.

What's not covered?

• Damage caused by general wear and tear.
• If you have opted to include theft from a vehicle overnight as part of your policy, it will only cover you if items are concealed and out of sight, the keys have been removed from the vehicle, all manufacturer’s security devices have been put to use, and any unattached trailers have anti-hitching devices in place.
• Storm damage, malicious damage or theft from a soft-topped, open-topped or open-sided vehicle.
• Damage caused by theft or attempted theft if there are no visible signs of entry to the building, where the building can’t be locked. Further minimum security conditions and/or unoccupied premises exclusions may apply depending upon individual insurers policy terms, please speak to one of our advisers to discuss further.
• Mechanical or electrical breakdown.
• Faulty or defective design, materials or workmanship.
• Damage caused by pollution or contamination.
• Damage to property whilst undergoing any process of production, packing, treatment, testing, commissioning, servicing or repair.
• Acts of fraud or dishonesty.
• Acts of terrorism.

Public liability insurance

Business equipment insurance covers the cost to replace the equipment you use, but it won't cover you if a member of the public is injured by your equipment. Public liability insurance cover will help protect your business against damage and the cost of legal claims people may make against you.

Product liability insurance

Product liability insurance covers the products you make in your business or products you supply to your customers, rather than the equipment you use to make them.