With the exception of the people within a business, your business equipment forms the vital cog in the generation of income and turnover.
So arranging the right business equipment insurance is vital. Imagine a situation where you lost all or part of your business equipment and ask yourself the following questions:
- Do we have sufficient funds to replace the equipment immediately?
- How long will it take to order and replace the business equipment?
- Can we still replace the business equipment we own?
- How much income will be lost whilst the business equipment is unusable?
These are just some of the aspects you need to consider when arranging business equipment insurance.
At Greenfield Insurance Services we have been arranging business equipment insurance since 1989 for a wide range of Businesses across the UK.
Existing client and Business Owner Abdul Kadir commented why he chose us as his independent insurance brokers:
In my opinion it’s not all down to how much you pay for your premiums but more about the level of service you get. I have always received the best service. As a businessman I prefer dealing with other professionals on a one-to-one basis. I don’t have to telephone and wait in a queue for a reference number and repeat my details to several different departments.
What’s covered by a Business Equipment Insurance Policy?
Business Equipment Insurance will cover all your business equipment against accidental damage, theft, water damage, impact and a number of other eventualities.
Business Equipment Insurance can also be extended to cover items on a worldwide basis which would include items such as laptops. Business Equipment Insurance will also cover equipment at customers or suppliers premises if needed.
Business Equipment is typically defined as your business contents, computers, portable equipment, machinery, plant and tools of trade.
When calculating how much to insure for, you need to base your figures on the replacement cost as new of the item, even if you received a discount price or purchased the item on a second hand basis, the replacement as new cost is the figure insurers will expect you to use. If this calculation is incorrect and you have underinsured, you run the risk of your business equipment insurers applying average to your claim.
How Do I obtain a quote for my Business Equipment Insurance?
The quote process is simple and easy, we can help you find the right business equipment insurance policy at a budget within your expectations, and if you need help calculating your sum insured we can help with that too.
Simply give us a call to discuss your business equipment insurance on 01489 579808 or contact us via our webform.
Check out our post on small business insurance quotes online if you have a small business and need a combined insurance package that includes business equipment insurance.
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